{"id":52,"date":"2012-10-31T09:31:00","date_gmt":"2012-10-31T13:31:00","guid":{"rendered":"http:\/\/newsroom.chainstoreguide.com\/2012\/10\/company-snapshot-99-cents-only-stores\/"},"modified":"2012-10-31T09:31:00","modified_gmt":"2012-10-31T13:31:00","slug":"company-snapshot-99-cents-only-stores","status":"publish","type":"post","link":"https:\/\/www.chainstoreguide.com\/offthechain\/2012\/10\/company-snapshot-99-cents-only-stores\/","title":{"rendered":"Company Snapshot: 99 Cents Only Stores"},"content":{"rendered":"<p><strong>Address:<\/strong><br \/>\n4000 Union Pacific Ave<br \/>\nCommerce, CA 90023-3202<\/p>\n<p><strong>Telephone:<\/strong><br \/>\n323 980-8145<\/p>\n<p><strong>Internet Homepage:<br \/>\n<strong><\/strong><a href=\"http:\/\/www.99only.com\">http:\/\/www.99only.com<\/a><br \/>\n<\/strong><\/p>\n<p><strong>Year Founded:<br \/>\n<\/strong>1982<\/p>\n<p><strong>Total Stores:<br \/>\n<\/strong>303<\/p>\n<p><strong>Total Annual Sales:<br \/>\n<\/strong>$1,531,696,000<\/p>\n<p><strong>Senior Executives:<\/strong><br \/>\nDavid Gold &#8211; Chairman<br \/>\nEric Schiffer &#8211; CEO<\/p>\n<p>&nbsp;<\/p>\n<p>99 Cents Only Stores is a true single price retailer.\u00a0 The company\u2019s stores offer products at $0.99 or less.\u00a0 The company was founded in 1982 by David Gold who remains the company\u2019s guiding light as Chairman.<\/p>\n<p>The company remains focused as a regional chain with its three hundred plus locations spread across Southern California, Nevada, Arizona, and Texas.\u00a0 In late 2008, the company announced plans to close all of its locations in Texas.\u00a0 Duly noting these stores for extinction, Chain Store Guide research called these stores\u00a0 early in the next year on schedule, to confirm their actual closings.\u00a0 We were immediately told that several closings had been put on hold.\u00a0 Eventually only a third of the Texas stores were closed.<\/p>\n<p>This retailer has been so iconic in Southern California that its recent announcement of its search for a site on legendary, luxury oriented Rodeo Drive created a somewhat stormy debate as to the reality of the search and the need at such an address for a true dollar store innovator.\u00a0 Both sides of the debate however, pondered the idea seriously.\u00a0 Time will truly tell.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>99 Cents Only Stores is a true single price retailer. <\/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-52","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\/52","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=52"}],"version-history":[{"count":0,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/posts\/52\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/media?parent=52"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/categories?post=52"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/tags?post=52"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}