Title: 99 Cents Only Stores - Wikipedia
Headings: 99 Cents Only Stores
99 Cents Only Stores
Contents
History
Early History
2000s
2010s
In popular culture
References
External links

Content: 99 Cents Only Stores - Wikipedia
99 Cents Only Stores
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For 99¢ stores in general, see Variety store. 99 Cents Only Stores LLC

Type
Private
Industry
Discount, variety store
Founded
1982
Los Angeles, California
Founder
Dave Gold
Headquarters
Commerce, California
,
United States
Number of locations
394
Key people
Jack Sinclair, CEO
Jason Kidd, COO
Felicia Thornton, CFO
Revenue
$2.06 billion (2017)
Operating income
$53 million (2017)
Net income
$118 million (2017)
Total assets
$662.87 million (2009)
Total equity
$523.85 million (2009)
Owner
Ares Management
CPP Investment Board
Number of employees
17,000 (2017)
Website
99only .com
99 Cents Only store, Murrieta, California
99 Cents Only Store, Dallas, Texas
99 Cents Only Stores is an American price-point retailer chain based in Commerce, California. Previously, the store offered all products at 99¢ or less. Most products are still priced at 99¢ or less, but some products are now sold at a higher price. Founded by Dave Gold in 1982, there are stores located in California, Arizona, Nevada, and Texas. The company also operates Bargain Wholesale, which sells wholesale to retailers across the United States and exports to more than 15 countries from showrooms in Los Angeles. It also exhibits at trade shows in Las Vegas and Chicago . Contents
1 History
1.1 Early History
1.2 2000s
1.3 2010s
2 In popular culture
3 References
4 External links
History
99 Cents Only Store, North Hollywood, California
Early History
99 Cents Only Stores dates back to the 1960s when the company’s founder, Dave Gold, inherited a tiny liquor store in downtown Los Angeles and decided to run a test by selling bottles of wine at a fixed price-point of 99 cents. The test was an instant success, and Dave thought that selling everything in the store for 99 cents would be hugely popular. "Whenever I'd put wine or cheese on sale for $1.02 or 98 cents, it never sold out," Gold said in a 2001 interview with The Los Angeles Times. "