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99 Cents Only Stores

June 1, 2006 | From Bloomberg News
99 Cents Only Stores, a discount retailer that has delayed filing 2005 financial results, said its fiscal third-quarter profit dropped 28% as costs rose. Net income for the period ended Dec. 31 was $6.3 million, or 9 cents a share, compared with $8.7 million, or 12 cents, a year earlier, City of Commerce-based 99 Cents Only said. Costs rose 10% to $173 million and revenue increased 4.8% to $278.8 million.
August 13, 1990 | From United Press International
99 Cents Alleges Trademark Infringement: 99 Cents Only Stores filed three trademark-infringement suits against 13 stores in Southern California, alleging that the stores used names similar to 99 Cents Only to deceive customers into shopping with them. The Los Angeles Superior Court suits were filed against stores with such names as 99 Cents Dollar World $1.00 and Nothing Over 99 Cents or Less in Los Angeles, Huntington Park, Paramount and Maywood.
Discount gourmet food may sound like a contradiction in terms. But that's what City of Commerce-based 99 Cents Only Stores is promising. On Wednesday, the 140-store chain unveiled the first of its gourmet fancy food sections at a new location in Sacramento. These sections will be rolled out at all its stores within a year, said company Chairman Dave Gold.
October 12, 2012 | By Shan Li
Discount chain 99 Cents Only Stores Inc. is shopping on Rodeo Drive. The City of Commerce retailer, which has thrived in the economic downturn, announced that it was scouting real estate on the iconic street in Beverly Hills to open its flagship store, said Eric Schiffer, the company's chief executive. "We know many customers are driving from Beverly Hills to shop at 99, and they have been saying 'Please open a location in Beverly Hills,'" he said. Schiffer said the posh customers expected to shop at a new Rodeo Drive store are now driving to the 99 Cents store on Wilshire Boulevard near Beverly Hills.
April 26, 2013 | By Shan Li, Los Angeles Times
Dave Gold launched his 99 Cents Only Stores empire in Los Angeles at age 50 after mulling over the idea for over a decade. The thrifty entrepreneur took the dollar store concept and introduced it to middle-class and upscale neighborhoods. In the process, he created a chain that has become a mainstay for families squeezed during hard times or those who simply love a good bargain. Gold died Monday at his Mid-Wilshire home from an apparent heart attack, said his son, Jeff Gold. He was 80. Long before dollar stores dotted many street corners, Gold opened the first 99 Cents Only store in Los Angeles in 1982.
January 5, 2012 | By Shan Li
Another dollar store is heading to California. Dollar General Corp. will open 50 stores and a distribution center in the Golden State this year as part of a national 625-store expansion. The first location - in Montclair in San Bernardino County - is slated to open in February, to be followed by new stores in Victorville, Colton and Palmdale. The company may open as many as two dozen stores in Southern California this year, company spokeswoman Tawn Earnest said in an email.
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