99 Cents Only closing all 371 locations, including Texas stores, after 40 years

Discount chain 99 Cents Only Stores will shutter all 371 of its outlets, including five in San Antonio, officials with the chain said Thursday.

In a statement, the Commerce, Calif.-based company said it’s winding down after more than 40 years of doing business due to the “unprecedented impact” of the COVID-19 pandemic along with evolving consumer preferences, inflationary pressures and inventory loss due to theft. Its stores are spread across California, Texas, Arizona and Nevada.

“This was an extremely difficult decision and is not the outcome we expected or hoped to achieve,” interim CEO Mike Simoncic said. “Unfortunately, the last several years have presented significant and lasting challenges in the retail environment.”

Sales of fixtures, furnishings and equipment at the company’s stores are expected to begin Friday, April 5, according to the statement.

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This article appears in Apr 3-16, 2024.