Our content is fact checked by our senior editorial staff to reflect accuracy and ensure our readers get sound information and advice to make the smartest, healthiest choices.
We adhere to structured guidelines for sourcing information and linking to other resources, including scientific studies and medical journals.For many budget-conscious shoppers, 99 Cents Only is a one-stop source for household essentials, party supplies, pet care, cleaning products, and select groceries. But unfortunately, fans of the discount chain will have to take their business elsewhere.
"This was an extremely difficult decision and is not the outcome we expected or hoped to achieve," 99 Cents Only Stores' interim CEOsaid in the statement.
In an agreement with Hilco Global, 99 Cents Only will"liquidate all merchandise." The discount chain will also work with the financial services company to unload fixtures, furnishings, and equipment at all locations in California, Arizona, Texas, and Nevada. Additionally, Simoncic will step down from his role as"We deeply appreciate the dedicated employees, customers, partners, and communities who have collectively supported 99 Cents Only Stores for decades," said Simoncic.