Content about 99 Cents Only Stores

April 15, 2014

99 Cents Only Stores on Tuesday announced its financial results for the shortened fiscal year 2014 that began on March 31, 2013 and ended January 31, 2014, consisting of 44 weeks.

CITY OF COMMERCE, Calif. — 99 Cents Only Stores on Tuesday announced its financial results for the shortened fiscal year 2014 that began on March 31, 2013 and ended Jan. 31, 2014, consisting of 44 weeks. 

For the 10 month fiscal 2014 the Company's net sales totaled $1.5 billion. Same-store sales increased 3.7%, calculated on a comparable 43-week period of the prior year. Net loss was $12.5 million in fiscal 2014 and net loss as a percentage of net sales was (0.8)% in fiscal 2014. 

August 14, 2013

99 Cents Only stores announced on Monday St├ęphane Gonthier as the company's new president and CEO. Gonthier is leaving Dollarama, where he was COO since September 2007.

CITY OF COMMERCE, Calif. — 99 Cents Only stores announced on Monday Stéphane Gonthier as the company's new president and CEO. Gonthier is leaving Dollarama, where he was COO since September 2007.

Gonthier’s appointment is expected to become effective in the next 60 days. Interim CEO Richard Anicetti, a successful food retailing executive, will return to his role solely as a member of the board.

July 18, 2013

99 Cents Only Stores posted a net sales increase of 8.9% to $1.7 billion for fiscal 2013.

CITY OF COMMERCE, Calif. — 99 Cents Only Stores on Wednesday posted a net sales increase of 8.9% to $1.7 billion for fiscal 2013.  Same-store sales, calculated on a comparable 52-week period, increased 4.3%.  

During the fourth quarter of fiscal 2013, the dollar store operator opened seven stores in California and now operates 316 stores, an increase of 6% in store count over last year. 

February 7, 2013

Net sales at 99 Cents Only Stores increased 8.8% in third quarter 2013, the company said.

CITY OF COMMERCE, Calif. — Net sales at 99 Cents Only Stores increased 8.8% in third quarter 2013, the company said.

The dollar-store chain announced sales of $439.5 million, a $35.6 million increase over third quarter 2012, while comps increased 4.3%. For the first three quarters of fiscal year 2013, sales were $1.23 billion, an 8.7% increase over the same period last year, while comps increased 4.3%. Profit for the quarter was $12.7 million, compared with $22.2 million at the end of third quarter 2012.

January 8, 2013

Fueled by strong store growth and increased household penetration, dollar stores have been stepping outside of their comfort zone in pursuit of consumer trips that have historically belonged to retail pharmacy.

COMMERCE, Calif. — Fueled by strong store growth and increased household penetration, dollar stores have been stepping outside of their comfort zone in pursuit of consumer trips that have historically belonged to retail pharmacy. 

December 18, 2012

Regional store chain 99 Cents Only Stores has launched a new website that it said would offer more easily accessible information on new products, as well as company information.

COMMERCE, Calif. — Regional store chain 99 Cents Only Stores has launched a new website that it said would offer more easily accessible information on new products, as well as company information.

The chain — which operates 308 stores in California, Texas, Arizona and Nevada — said the new site was part of its efforts to improve the quality of information that it makes available to the public.

September 13, 2012

99 Cents Only Stores is opening a new store in Sanger, Calif.

CITY OF COMMERCE, Calif. — 99 Cents Only Stores is opening a new store in Sanger, Calif.

The new Sanger store, which officially opens its doors Sept. 20, is located at 2680 Jensen Ave. at the corner of Bethel Ave. The new store is approximately 19,000 sq. ft. and will feature a perishable food department, including produce, dairy and frozen foods.

99 Cents Only currently operates 302 extreme value retail stores, consisting of 221 stores in California, 37 in Texas, 29 in Arizona and 15 in Nevada.

August 13, 2012

99 Cents Only Stores is celebrating its 30th anniversary.

CITY OF COMMERCE, Calif. — 99 Cents Only Stores is celebrating its 30th anniversary.

Since its founding in 1982, the chain has expanded to 302 extreme value stores in four states consisting of 220 stores in California, 37 in Texas, 29 in Arizona, and 15 in Nevada. As part of the celebration, the company is converting 40 semi-trucks from diesel to clean-burning compressed natural gas. Additionally, the company is offering a free reusable shopping bag to customers who visit the store this weekend and purchase at least $9.99 worth of merchandise.

October 12, 2011

Discounter 99 Cents Only Stores said it has agreed to be acquired by a group of investors including its founding family, Ares Management and Canadian Pension Plan Investment Board for $1.6 billion in cash.

COMMERCE, CALIF. -- Discounter 99 Cents Only Stores said Tuesday it has agreed to be acquired by a group of investors — including its founding family, Ares Management and Canadian Pension Plan Investment Board — for $1.6 billion in cash.

The announcement ends a months-long sales process, which started with a takeover offer from Leonard Green & Partners in March.

August 9, 2011

99 Cents Only Stores reported that its consolidated net income for the first quarter of fiscal 2012 was $17.7 million, or 25 cents per diluted share, compared with $16.8 million, or 24 cents per diluted share, for the prior year.

CITY OF COMMERCE, Calif. — 99 Cents Only Stores reported that its consolidated net income for the first quarter of fiscal 2012 was $17.7 million, or 25 cents per diluted share, compared with $16.8 million, or 24 cents per diluted share, for the prior year.

Eric Schiffer, CEO of 99 Cents Only Stores, stated, "We are pleased with our financial results for the first quarter of fiscal 2012. Our long-term operational improvement initiatives have continued to meet our expectations, resulting in earnings per share of 25 cents for the first quarter of fiscal 2012."

April 15, 2011

Even with an extra week in this year's reporting period, 99 Cents Only Stores reported a total sales increase for it fiscal fourth quarter.

CITY OF COMMERCE, Calif. — Even with an extra week in this year's reporting period, 99 Cents Only Stores reported a total sales increase for it fiscal fourth quarter. The company reported total sales of $378.5 million for the 14-week fourth quarter of fiscal 2011 ended April 2, 2011, compared with $339.3 million for the 13-week fourth quarter in the prior fiscal year.

The company reported a same-store sales increase of 0.5% for the quarter. Excluding Texas operations, comps were up 0.7%.

March 14, 2011

Family Dollar reported Monday a comparable-store sales increase of 5.1% for the second quarter ended Feb. 26. Net sales for the quarter increased 8.3% to $2.26 billion, from $2.09 billion last year. According to the retailer, warmer weather earlier in the year, as well as strong performance in its consumables and seasonal categories, helped drive sales.

MATTHEWS, N.C. — Family Dollar reported Monday a comparable-store sales increase of 5.1% for the second quarter ended Feb. 26. Net sales for the quarter increased 8.3% to $2.26 billion, from $2.09 billion last year. According to the retailer, warmer weather earlier in the year, as well as strong performance in its consumables and seasonal categories, helped drive sales.

March 11, 2011

First it was Family Dollar; now 99 Cents Only Stores finds itself in buyout talks, as investors are seeing the value in discount store chains.

CITY OF COMMERCE, Calif. — First it was Family Dollar; now 99 Cents Only Stores finds itself in buyout talks, as investors are seeing the value in discount store chains.

August 4, 2010

99 Cents Only Stores reported that sales for the first quarter increased by 4.6% to $336.6 million and same-store sales increased 2.7%.

CITY OF COMMERCE, Calif. — 99 Cents Only Stores reported that sales for the first quarter increased by 4.6% to $336.6 million and same-store sales increased 2.7%. Consolidated net income increased by $7.3 million to $16.8 million, or 24 cents per diluted share, versus $9.5 million in the prior year, or 14 cents per diluted share.