Where are the unemployed supposed to shop now that the 99 Cent Store is going out of business?
NEW YORK (CBS 11 News / AP) ― Discount retailer 99 Cents Only Stores says it will leave the Texas market, closing 48 stores because operations are unprofitable.This is reason number 158 I'm glad I don't live in Texas.
The company said it will focus on its 230 remaining stores, which are in California, Arizona and Nevada. Those stores bring approximately 90 percent of its total revenue. 99 Cents Only Stores said stores in the "very challenging" Texas market were generating about half the revenue of its stores in other states.