{"id":2597,"date":"2013-01-28T12:03:52","date_gmt":"2013-01-28T17:03:52","guid":{"rendered":"http:\/\/newsroom.chainstoreguide.com\/?p=2597"},"modified":"2013-01-28T12:03:52","modified_gmt":"2013-01-28T17:03:52","slug":"company-snapshot-99-cents-only-stores-2","status":"publish","type":"post","link":"https:\/\/www.chainstoreguide.com\/offthechain\/2013\/01\/company-snapshot-99-cents-only-stores-2\/","title":{"rendered":"Company Snapshot: 99 Cents Only Stores"},"content":{"rendered":"<p><strong>Address:<br \/>\n<\/strong>4000 Union Pacific Ave<br \/>\nCommerce, CA 90023-3202<\/p>\n<p><strong>Telephone:<br \/>\n<\/strong>323 980-8145<\/p>\n<p><strong>Internet Homepage:<\/strong><a href=\"http:\/\/www.99only.com\"><strong><br \/>\n<\/strong>http:\/\/www.99only.com<\/a><strong><\/strong><\/p>\n<p><strong>Year Founded:<br \/>\n<\/strong>1982<\/p>\n<p><strong>Total Stores:<br \/>\n<\/strong>311<\/p>\n<p><strong>Total Annual Sales:<br \/>\n<\/strong>$1,531,696,000<\/p>\n<p><strong>Senior Executives:<\/strong><br \/>\nRick Anicetti- CEO (Interim)<\/p>\n<p>&nbsp;<\/p>\n<p>Despite consistently positive quarterly and annual financials and an outlook which included the possibility of opening a location on pricey Rodeo Drive, 99 Cents Only Stores announced a stunning shakeup of top level management.\u00a0 A year after the family of founder David Gold sold the company to an investment partnership headed by private equity firm Ares Management, it was suddenly announced that all company executives remaining from the founding family members have left the company.\u00a0 At the time of the acquisition, it had been announced that the family management team would remain in place as the company went from a public to a private platform.<\/p>\n<p>The latest announcement stated that that Eric Schiffer (CEO), Jeff Gold (President, Chief Administrative Officer) and Howard Gold (Exec VP, Special Projects) are \u201cno longer employed by the company\u201d and that Rick Anicetti, the former CEO of Food Lion who has been on the board of 99 Cents for the past eight months, has been named interim CEO.\u00a0 Schiffer is the son-in-law of founder David Gold while Jeff and Howard are his sons.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Despite consistently positive quarterly and annual financials and an outlook which included the possibility of opening a location on pricey Rodeo Drive, 99 Cents Only Stores announced a stunning shakeup of top level management. <\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"post-template-no-sidebar.php","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[3],"tags":[15],"class_list":["post-2597","post","type-post","status-publish","format-standard","hentry","category-discount-specialty","tag-snapshot","entry"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/posts\/2597","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/comments?post=2597"}],"version-history":[{"count":0,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/posts\/2597\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/media?parent=2597"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/categories?post=2597"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/tags?post=2597"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}