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The Guardian - US
The Guardian - US
World
Lauren Aratani in New York

99 Cents Only discount chain to close all US stores

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A shopper walks into a 99 Cents Only store in Arcadia, Los Angeles.
A shopper walks into a 99 Cents Only store in Arcadia, Los Angeles. Photograph: Xinhua/Rex/Shutterstock

The discount chain 99 Cents Only announced on Friday that it will close all 371 of its stores in the US as part of an “orderly wind-down” of the business.

In a statement, the company’s interim CEO, Mike Simoncic, said 99 Cents Only had been under economic pressures that had “greatly hindered the company’s ability to operate”.

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