99 Cents Only
99 Cents Only has been having a hard time competing with Dollar General, Walmart, and Dollar Tree. In December 2017, it claimed to have suffered a net loss worth $27.1 million. On top of that, it lost $33.6 million in Q2 as well as $8.8 million in Q1. Ares Management bought it before it went to the hands of the Canada Pension Plan. It has since been bought by a private family. CEO Jack Sinclair replaced Geoffrey Covert. It still needs to do much better, but it has at least reported positive same-store sales.
99 Cents Only
ADVERTISEMENT
