News Summary

• 99 Cents Only Stores LLC, which operates 371 stores across the country, announced it would be closing each and every one of its stores over the coming months
• The company, which employs around 14,000 people, cited financial challenges it says were brought forth by the pandemic, inflation and changing consumer shopping habits
• The announcement comes just weeks after news broke that another major retailer in the dollar marketplace would be increasing its prices on many of its products