LogFAQs > #979758278

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Topic	99 Cents Only to close all store locations.
Torgo 04/06/24 12:17:34 AM #8:	1337toothbrush posted... Wow, sounds like their margins must be higher than their competitors. Makes me wonder why they have to close. Maybe. It's a different business model that relies on people being kind of trapped in low income areas with limited options and transportation. It offers a few really low paying jobs, and cheap items mostly imported from cheaper labor markets or special versions of brand name products in specially branded smaller quantities that cost more per ounce like Laundry Detergent or snack foods. --- Aren't we all just a series of tubes? <cite>Torgo posted [p:979758278] in 99 Cents O... [t:80740202]...</cite> <quote>1337toothbrush posted... </cite><quote>Wow, sounds like their margins must be higher than their competitors. Makes me wonder why they have to close.</quote>Maybe.It's a different business model that relies on people being kind of trapped in low income areas with limited options and transportation.It offers a few really low paying jobs, and cheap items mostly imported from cheaper labor markets or special versions of brand name products in specially branded smaller quantities that cost more per ounce like Laundry Detergent or snack foods. --- Aren't we all just a series of tubes?</quote> ... Copied to Clipboard!
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