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The Commerce-based operators of 99 Cents Only stores announced Thursday they will close all 371 of its locations, with liquidation sales beginning Friday. The decision was made in agreement with ...
Ethan Conrad has acquired three former sites for the 99 Cents Only discount retail chain, including one in a center he already owns in North Highlands.
Dollar Tree said it acquired leases for 170 locations of 99 Cents Only stores and will reopen under the Dollar Tree brand.
Dollar Tree announced Wednesday it had acquired leases for 170 99 Cents Only stores and plans to rebrand. 99 Cents Only filed for bankruptcy in April.
99 Cents Only Stores announced in April it would close all 371 locations. Dollar Tree plans to reopen some of them with its own products by the fall.
Dollar Tree officials announced that it had acquired designation rights for 170 leases of shuttered 99 Cents Only Stores across five states.
The acquisition of 99 Cents Only leases out of bankruptcy gives Dollar Tree a cheaper way to grow rather than building new stores and helps the Virginia-based chain extend its reach on the West Coast.