Who Owns 99 Cents Only Stores In California

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The Great 99 Cents Only California Caper: Who Dunnit?

Ah, the 99 Cents Only Stores. A California staple, a treasure trove of questionable deals and oddly specific cleaning supplies. But who actually owns these mysterious bargain paradises? Well, buckle up, my friends, because this story is more dramatic than a fight over the last can of discounted tuna.

The Once and Future Kings (and Queens of Discount)

Once upon a time, in the halcyon days of 1982, a brave soul named David Gold ventured forth and founded the 99 Cents Only Stores empire. It was a land of plastic dinosaurs, day-glo socks, and enough candy to send a dentist into early retirement. But alas, all empires must crumble (or, you know, file for bankruptcy).

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Who Owns 99 Cents Only Stores In California
Who Owns 99 Cents Only Stores In California

The Fall and the Fractions (of a Cent)

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Fast forward to 2024, and the retail landscape is a warzone. Inflation is spiking faster than a rogue beach ball at a toddler convention, and the mighty 99 Cents Only Stores found themselves facing a financial foe they couldn't defeat. With a heavy heart (and probably a garage full of unsold disco ball ornaments), they decided to close up shop.

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Enter the Bargain Bin Buyers: A New Hope (Maybe)

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But fear not, discount devotees! The story doesn't end there. Like vultures circling a particularly discounted rotisserie chicken, several companies swooped in to pick up the pieces (and the remaining stock of inflatable pool flamingos).

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  • Dollar Tree: These retail giants saw an opportunity to expand their dollar domination, snapping up 170 former 99 Cents Only Stores in California (and other states). So, get ready for a whole new level of dollar store delight (or despair, depending on your perspective).
  • Ollie's Bargain Outlet: This discount den decided to snag a cool 11 former 99 Cents Only Stores, so you might find some of that classic 99 Cents Only charm (or questionable cleaning supplies) under a new flag.

So, Who Owns the 99 Cents Only Stores in California Now?

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It's a complicated situation, but the short answer is: it depends on the store! Some are under the watchful eye of Dollar Tree, while others are getting a makeover courtesy of Ollie's Bargain Outlet.

FAQ: Your Burning Discount Dilemmas Answered

  • How to find out which company owns a former 99 Cents Only Store? Your best bet is to Google the specific store location. You should be able to find news articles or store listings that mention the new owner.
  • Will the prices stay the same? Probably not. Both Dollar Tree and Ollie's Bargain Outlet have their own pricing structures, so expect some changes.
  • Can I still use my old 99 Cents Only Stores gift card? Unfortunately, no. Those plastic rectangles of discount dreams are likely headed for the bargain bin of irrelevance.
  • Will they still sell those amazing (questionable) $1 party hats? Only time (and the new owners) will tell!
  • Is there a discount store support group? If there isn't, there probably should be. We're all in this together, my friends.
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Quick References
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ca-legislature.govhttps://www.ca-legislature.gov
ca.govhttps://www.sos.ca.gov
calstrs.comhttps://www.calstrs.com
ca.govhttps://www.cdph.ca.gov
ca.govhttps://www.cde.ca.gov

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