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99 Cents Only Stores

BUSINESS
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.
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BUSINESS
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.
BUSINESS
August 8, 2002 | MELINDA FULMER, TIMES STAFF WRITER
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.
BUSINESS
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.
BUSINESS
December 15, 2004 | Nancy Cleeland, Times Staff Writer
Executives of 99 Cents Only Stores told Teamsters union officials Tuesday that they would present a sweetened contract offer Friday. The move temporarily averted a strike by delivery drivers that would have started Tuesday night, at the height of the holiday season. Drivers could still reject what company executives are calling their final offer, and will meet to consider a strike option Sunday, said Paul Kenny, secretary treasurer of the International Brotherhood of Teamsters, Local 630.
BUSINESS
March 21, 2001 | SARAH HALE, TIMES STAFF WRITER
The Internet stock craze may be waning, but a tongue-in-cheek advertisement offering "9 Internet Stocks for 99 Cents" at a local retail chain Tuesday drove dozens of investment-minded customers into store locations around Southern California. "Your choice! While supplies last. No limit," the 99 Cents Only Stores newspaper ad screamed. The ad teaser poked fun at the falling stock market by slashing an imaginary price originally set at 99 cents.
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