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Fortune

Chris Morris

A sizable number of 99 Cents Only stores will be taken over by Dollar Tree—'we see strong profitable growth potential'

(Credit: Mario Tama/Getty Images)

Shoppers of the 99 Cents Only chain are about to see a (very) little bit of inflation.

Dollar Tree has announced it has acquired the leases for 170 of the bankrupt competitor’s locations in Arizona, California, Nevada, and Texas. (99 Cents Only filed for bankruptcy in April and announced plans to close all 370 locations across the country.)

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