99 Cents Only Stores to Shut Down All Locations Amid Financial Struggles

Inflation, pandemic impacts, and increased shrink cited as key reasons for the closure of 371 stores.

99 Cents Only Stores announced the closure of all 371 locations across California, Arizona, Nevada, and Texas due to financial struggles.
The company cited inflation, the COVID-19 pandemic, and increasing levels of shrink (loss due to theft and other factors) as major reasons for the shutdown.
Liquidation sales at the stores began on April 5, 2024, as part of an orderly wind-down process.
Despite the closures, experts believe the dollar store format will continue to expand, with Dollar General opening new stores and focusing on rural areas.
Local communities and employees face challenges as the closures will result in the loss of approximately 14,000 jobs.