99¢ Only Stores sells various consumable products through its retail stores at price points of 99¢ or less in the United States. Its stores offer consumable goods and closeout merchandise. The company also sells merchandise through its Bargain Wholesale division to retailers, distributors, and exporters. In addition, 99¢ Only Stores provides private label consumer products; and imports merchandise in product categories, such as kitchen items, house-wares, toys, seasonal products, pet-care, and hardware. As of August 07, 2008, it operated 275 retail stores comprising 192 in California, 48 in Texas, 24 in Arizona, and 11 in Nevada. The company was founded in 1965 and is based in the City of Commerce, California.
99¢ Only Stores is an extreme value retailer of primarily name-brand consumable general merchandise. We are "The Right Store...Now More Than Ever! From our first store opening in 1982, our chain of 99¢ Only Stores has expanded to over 277 stores; 193 in California (70%), 48 in Texas (17%), 24 in Arizona (9%), and 12 in Nevada (4%). For fiscal 2008, the stores that were open for a full year averaged 21,722 square feet and generated average net sales per estimated sellable square foot of $263 and average net sales per store of $4.5 million. For fiscal 2008, total sales were $1.2 billion. Our stores are attractively merchandised, clean, full service "destination" locations that offer customers significant value on their everyday household needs in an exciting shopping environment. Merchandise encompasses a wide array of name-brand closeout and regularly available consumable products including food and beverages such as: produce, deli, and other basic grocery items, health and beauty care, and household supplies.
We have always been committed to delivering great value to our customers, but now more than ever, our customers are relying on us to help them make ends meet as they struggle with increasing costs of daily necessities.
Share Structure and Chart
Common Stock, No Par Value, 70,060,491 Shares as of August 4, 2008
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