99 Cents Only Stores Closing All 371 Locations, Citing 'Inflationary Pressures'. Really!

Bad news! If I am not mistaken, they lost competitiveness already several years ago predating current price inflation! This brand e.g. became stale and stagnant!

Joseph Schumpeter's creative destruction spares no business!

99 Cents Only Stores Closing All 371 Locations, Citing 'Inflationary Pressures' All 371 locations of the 99 Cents Only stores are shutting down, with company executives blaming the “difficult” decision on such causes as “inflationary pressures.”