Current Events > 99 Cents Only to close all store locations.

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Necronmon
04/06/24 12:02:39 AM
#1:




https://www.cbs8.com/article/news/local/99-cents-only-to-close-all-locations/509-e23f5dbe-c385-4cd9-a47b-a764dcbb2a7d

Inflation has legit killed stores that tried to sell things below a buck...damn.
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CADE_FOSTER
04/06/24 12:04:05 AM
#2:


printed to much money during the pandemic sad really
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ClayGuida
04/06/24 12:04:24 AM
#3:


The fewer dollar stores the better.

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Torgo
04/06/24 12:04:28 AM
#4:


Those stores are generally bad for their communities... they pay shit wages and sell genuinely substandard merch often in sneakily smaller quantities that make the price actually higher per ounce, etc...

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1337toothbrush
04/06/24 12:05:36 AM
#5:


Torgo posted...
Those stores are generally bad for their communities... they pay shit wages and sell genuinely substandard merch often in sneakily smaller quantities that make the price actually higher per ounce, etc...
Wow, sounds like their margins must be higher than their competitors. Makes me wonder why they have to close.

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CADE_FOSTER
04/06/24 12:05:58 AM
#6:


ClayGuida posted...
The fewer dollar stores the better.
alot of poor people depended on them sad for them tbh
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ClayGuida
04/06/24 12:10:43 AM
#7:


CADE_FOSTER posted...
alot of poor people depended on them sad for them tbh
They're actually more expensive per oz though.

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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.


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Necronmon
04/06/24 12:21:18 AM
#9:


Ah now I remember, John Oliver covered them a few months ago. https://www.youtube.com/watch?v=p4QGOHahiVM
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nocturnal_traveler
04/06/24 12:45:23 AM
#10:


End of an era.

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--I understand your opinion. I just don't care about it. ~Jedah--
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Aztex
04/06/24 12:50:44 AM
#11:


I have close to me and it's always full

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