A MAJOR discount chain is set to shutter a location for good – but customers can still score big savings.
This will apply to 99 Cents Only in Carmichael, Sacramento, California.
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A spokesperson told The Sacramento Bee that it made the “difficult decision to close.”
The exact reason is not clear, but items will range from 25 percent to 70 percent off.
According to the company, most items are priced at 99 cents.
However, it does have items that sell for less than that price point.
However, the company has issued a warning to customers to shop as early as possible due to the uncertainty of availability as the store gets closer to the shutdown date.
The store’s final day is set for September 29.
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To find a store near you, be sure to use 99 Cent’s location finder.
MORE SHUTDOWNS
But 99 Cents Only is far from the only discount chain that has been forced to close stores.
The biggest example might go to Tuesday Morning, which filed for Chapter 11 bankruptcy in February and announced this spring would be going out of business.
All 200 stores have closed down for good.
Also, rivals Dollar Tree and Dollar General have closed locations.
And other retailers with physical locations have shuttered as well.
This includes Macy’s, which announced at the beginning of the pandemic that it would close 125 stores.
A total of 80 stores have shut down since then – with another five set to join the number by the end of the year.
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One of Macy’s locations in Eagle Rock Plaza in northeast Los Angeles, California closed earlier than expected recently due to poor weather in the area.
Gap North America is planning to hundreds of stores.
In August, the Macy’s rival in Washington state shut down its location at the Tacoma Mall in August.
But others outside of the clothing space have been affected too.
Rite Aid, which closed multiple stores on the East Coast last week alone, might be the biggest example right now in the entire retail industry.
That’s because the company is preparing to file for bankruptcy “in the coming weeks,” The Wall Street Journal reported.
It has racked up $3.3billion in unpaid debt and is projected to lose $700million this year.
For more related stories, here are three retailers that have filed for bankruptcy this year.
And Aldi is expanding its delivery service with DoorDash to include a lineup of favorites.
Source: https://t-tees.com
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