The $.99 Only Store is shutting down.
They announced the closure of all 371 locations, which include two in Concord, and one in Antioch.
“Unfortunately, the last several years have presented significant and lasting challenges in the retail environment, including the unprecedented impact of the COVID-19 pandemic, shifting consumer demand, rising levels of shrink, persistent inflationary pressures and other macroeconomic headwinds, all of which have greatly hindered the Company’s ability to operate,” according to a statement from the Company.
38 comments
Time to cash in and go home,its failifornia
And now both those buildings and properties will become a campground
The old Beverly’s Fabrics and Crafts on Clayton Rd. in the TJ Maxx Shopping Center is also vacant. That’s going to be a lonely shopping center once the $.99 store closes. All that will remain are smaller businesses and TJ Maxx.
I’m surprised every time l went there, there were a line at the cash register. Although l haven’t gone in a few months, instead l been going to the Dollar Tree, but 99 cents only have more choices. Both places is a great place to get lots of items. Tissues, paper plates, cleaning supplies, candles, gift wrapping material and greeting cards, Epsom salt for my aching back and feet. All of these items cost double or more at CVS or Target.
It will be torn down into homes in the next couple years. Condos
As family budgets shrink disposable income becomes less.
Fuel prices increase delivery costs and shrink profit margins
for a company already operating on a slim margin.
Crude Oil WTI price $86.73 a barrel low during Trump presidency $20.48 per barrel.
An let us not forget this is soft on crime DEM-a-fornia.
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AS long as DEMs keep getting elected expect it to get worse.
Do yourself a favor and check out CEO compensation for the last few years.
I’ll offer to purchase both buildings for $99.
It’s time for them to embrace Bidenomics and re-open as the $10.99 store.
They were in existence during Trump’s term too you know! Is that due to Trumponomics?
Perhaps I was too subtle.
The ridiculous level of inflation we are experiencing is a direct result of the complete and total economic incompetence of the Biden Administration. The historic volume of business failure by companies of all sizes is irrefutable proof. Simply put, the math doesn’t work and delusion and denial won’t change that.
This expert disagrees with you. According to economist Dr. Robert Reich, CEO compensation has sky-rocketed and mergers offering fewer choices are the main reasons for inflation. robertreich.substack.com › p › unvarnished-truthThe non-inflated truth about inflation – Robert Reich
Jan 25, 2022 · Robert Reich. Jan 25, 2022. Subscribe. Inflation! It’s dominating all economic news. It’s the main reason the stock market is going nuts. It’s what Fed officials are discussing in today’s
Reich has a political axe to grind which likely accounts for his incorrect statements regarding the drivers of inflation.
Did you even research what the current inflation data states? It sure doesn’t seem like you did!!
And it’s looking worse with today’s announcement. It’s important to look at the cumulative effect of inflation, which under the Biden administration has been horrendous. Yes, 3.5% today is better than the 6% from a year ago. However we continue to pay for that 6% in perpetuity.
Combined with the Biden war on fossil fuel and we have an economic whipsaw. And where is the consumer benefit of Biden economic policy?
No benefit, nothing has improved.
And they would still exist if he had been POTUS now.Good point you flubbed
.99 cent housing for the endless stream of Brandon’s illegal hordes
there is The Dollar Tree store behind Park N Shop, one next to Dicks Sporting Goods and one near Home Deport and Walmart.
.99 cents really didn’t seem like a good pricing model to me, even if you got the crap for free.
I used to love going to the 99 cent store in the Park and Shop. But stopped going as often they had absolutely no shopping baskets available because they were all stolen by people that would fill them up and just walk out. Then they started too much of a very pricing policy. I can understand them going to $1.19 ( like the dollar store went to a $1.25) which they did on only a few items, the rest went to a $1.99, 2.99 and 3.99. Often the prices weren’t marked and you were tricked into buying things you thought were less. Some actually rivaled the pricing of Walmart. So what was the point. I stopped going there and now go to the dollar store instead
Remember when the .99cent store was the .88cent store? Way Back.
https://casetext.com/case/the-88-stores-inc-v-martinez … there was one 88Cent stores on the back side of Monkey Wards when we first moved to Concord. I don’t know if those exact stores became the 99 cent or not… I actually found only the one article about the 88 Cent stores when I looked. 🤔
The original discount store was Woolworth’s in the late Nineteenth Century, and everything was a nickle or less. When inflation forced them to raise their prices, they became a five-and-ten cent store. Soon, other five and ten cent stores started popping up and were known as the five and dime. Again inflation forced them to raise their prices, and they were called the five, ten, and fifteen cent stores. Walmart even started out as a five and dime.
When and where was that? The first I ever learned of the store was when it was the 99¢ Only Store. I will especially miss the one and only bread, and it is a multi-grain bread made without corn syrup, I’ve ever seen in any store, where two slices has only 21 carbohydrates. Yes, it is thinly sliced, but it also has 3 grams of dietary fiber for a net carbohydrate count of of 9 per slice. This is still 3 carbohydrates more than is recommended for a diabetic but adding a little extra protein seems to balance it out for me. Occasionally even a diabetic likes to have a sandwich. I hope that bread company will soon get The Dollar Tree Stores to carry their brand. I’ve not seen any of their brand in any store including Walmart, Safeway, Lucky, or any other store. Most breads are a minimum 21 carbohydrates or more per slice.
Milton have some breads that I think one slice is net 11 carbs, also look for bread that is recommended on the Keto diet, check Safeway, Trader Joe’s and Grocery Outlet.
I haven’t gone to 99 Cents only for ahwile, as I mentioned earlier. I didn’t have a problem with the pricing, usually everything was marked. Dollar Tree is smaller so easier to run in and out, and many time when I went to 99 Cent they had long lines at the check. I don’t go to Walmart or Costco, they are too big, and since I only shop for myself, buying in bulk is too much.
There was a time we lived off of buying from the .99 cent stores. We bought bread, vegetables, fruits etc. We just could not afford any other place. I am sure lots of folks do the same, where they do as much grocery shopping as they can here. this is why lines are always soo long all the time. Sad to see them shut down.
Here’s my Shoulda Woulda Coulda which I never do but am doing in this case. Wish I’d gone in more, they do have everything you can’t find but anywhere else for the right price. That wonderful lyric from Joni Mitchell song from the 1960’s, “Don’t it always seem to go, you don’t know what you’ve got ’til it’s gone.”
Well….. it will be a tough road ahead, but somehow we will find the strength to go on without the .99¢ Store.
Sure there will be tears and heartache but time heals all wounds and we will find alternatives to shop and make those purchases we relied upon at the old store.
Life is change & we have no choice but to endure it until our own time comes and we close OUR own doors for good.
Obladi, oblada life goes on…..
Dr. J, l’m going to upset you, because I’m bringing up The Band, however Robbie Robertson said of his heartwrencing song “It makes no difference”, supposedly time heals all wounds, except sometimes it doesn’t, this was one of those times.
I don’t remember saying anything about The Band… you’d have to remind me.
I don’t know any of their songs, in all my life I can’t recall anything about them.
I’ve never been in a 99.¢ Store either and my comment was totally insincere… just blabbering on for the sheer hell of it.
So whatever it is, I’m not upset…. I even gave you a thumbs up!
Dr.J I might have gotten you confused with Atticus Trax, it was either him or you, that commented after I wrote something for the umpteen time about the Band, he was betting I could refrain from mentioning them. I replied, probably not since I obsessed with their music, their personalities and their story. If you like music check them out on You Tube. When Eric Clapton heard their music in the late sixties he quit Cream and flew to meet with them in Woodstock New York, he wanted to join them, only he did have the nerve to ask.
You probably know some of their songs “The Weight’ was in Easy Rider and the Big Chill. Also “Up on Cripple Creek and The night the drove old Dixie down” were pretty popular.
Atticus?!!!!
That’s not my name.
https://www.youtube.com/watch?v=v1c2OfAzDTI
“In the future all stores will be Walmart”
To paraphrase “Demolition Man”.
John Sparten,you are fined 1 credit for violating the verbal morality code(they are listening to every word)
Dr. J, I apologize, as I said in my comment I might have gotten you confused with someone else always on this sight. I just wrote from memory, obviously my memory failed me.
99 cent stores are different then “Dollar Trees” for anyone who doesn’t know/realize that. So some of these stores “should” still be around.
Yes, Dollar Tree is different, I like them, and they had some of the same items, but 99Cent only, had fresh produce, and some of it was just fine. I’ve bought mushrooms there, and some other veggies and raspberries, and the raspberries tasted as good as what I would buy at Grocery Outlet, Safeway, or other stores. I grew up I grew up in the country, and my dad was a gardner, I’m spoiled when it comes to fresh fruits and veggies, since as a child and teenager I was using to getting it fresh, often just picked. Nothing you buy in the store have the same intense flavor, even Farmer’ s Market doesn’t measure up, but other than that I found the fresh fruit’s and veggies to be satisfactory.
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