Business & Tech

All 99 Cents Only Stores Closing: Liquidation Sales Start Friday

The California-based company has 371 stores across four states. See the list of California locations.

Bea Karnes, Patch StaffVerified Patch Staff Badge

CALIFORNIA — 99 Cents Only Stores is permanently closing all 371 stores, the company announced on Thursday.

Liquidation sales at all locations begin Friday.

Some 14,000 employees will lose their jobs.

Find out what's happening in Across Californiafor free with the latest updates from Patch.

The company was founded in California and has its corporate offices in City of Commerce. In a statement released on Thursday, the company said that Hilco Global will "liquidate all merchandise owned by the Company and dispose of certain fixtures, furnishings, and equipment at the Company's stores. Sales under this agreement are expected to begin April 5, 2024 and will be carried out at all 371 of the Company's store locations."

"This was an extremely difficult decision and is not the outcome we expected or hoped to achieve," said Mike Simoncic, Interim Chief Executive Officer. "Unfortunately, the last several years have presented significant and lasting challenges in the retail environment, including the unprecedented impact of the COVID-19 pandemic, shifting consumer demand, rising levels of shrink, persistent inflationary pressures and other macroeconomic headwinds, all of which have greatly hindered the Company's ability to operate. We deeply appreciate the dedicated employees, customers, partners, and communities who have collectively supported 99 Cents Only Stores for decades."

Find out what's happening in Across Californiafor free with the latest updates from Patch.

99 Cents Only Stores opened in 1982 and sold goods in several categories including brand name closeouts, snacks, fresh produce, beer & wine, pets supplies, home goods, cleaning supplies, beauty products and party pieces.

The California stores are in the following cities:

All real estate in California, Nevada, Arizona and Texas will be disposed of during this process.

Get more local news delivered straight to your inbox. Sign up for free Patch newsletters and alerts.

More from Across California