Current Ownership of 99 Cents Only Stores
99 Cents Only Stores is currently owned by 99 Cents Only Stores, LLC, a private company. The chain is controlled by the founding family and long-time executives. The brand is not publicly traded and operates as a privately held business.
History and Founding
The chain was founded in 1982 in Los Angeles, California. It grew quickly by offering a limited-price retail model. Over time, the company expanded across the western United States and became known for its deep-discount merchandise.
Business Model and Operations
99 Cents Only Stores sells a wide range of products, including household goods, food, and seasonal items. Most items are priced at $0.99 or multiples of that amount. The company focuses on high-turnover inventory and value-oriented shoppers. For more details, see the company overview at 99centsonlystores.com.
