AOL:
The dollar doesn’t stretch like it used to.
The 99 Cents Only Stores discount chain has announced plans to wind down its business operations. All 371 stores will be closed in Arizona, California, Nevada, and Texas, the states where it operates. Liquidation sales will begin on Friday.
“This was an extremely difficult decision and is not the outcome we expected or hoped to achieve,” said interim CEO Mike Simoncic, who will be stepping down, in a statement. “Unfortunately, the last several years have presented significant and lasting challenges in the retail environment.”
The company cited the impact of the pandemic as a factor in the decision to shut down, but said “inflationary pressures and other macroeconomic headwinds” and increasing levels of “shrink,” the retail code name for theft, were also major factors. more here
The mint is going to have to start printing $1000 bills again. Zimbabwe here we come!
A penny for your thoughts is no longer worth the effort.
When was the last time you saw a Five and Dime?
@RadioMattM
I remember shopping in one of those with my Grandma.
https://imgs.search.brave.com/HhPAAQ6jbxYwhZmyTYMM2SvGOjoHSajuk1aru3KKxHs/rs:fit:860:0:0/g:ce/aHR0cHM6Ly9pLnBp/bmltZy5jb20vb3Jp/Z2luYWxzL2RiLzhl/L2UxL2RiOGVlMTlk/OTc2MDgwYTUwNDNk/MDgyMWY2YjYyZDFm/LmpwZw
.
I think it’s damn important for people to realize capitalism is under attack. And they are winning.
Nowadays I see people walk right past change lying on the ground. Not even interested…
Snickers were a nickle, when I was a kid. What are they today?
Um, yeah, then don’t work in 99 cent stores any more, either.
Thank you Congress of The United States and the Federal Reserve Bank for stealing our wealth while we all sat around daydreaming for the last 111 years.
Shit.
For occasional Democrat and/or Liberal readers here, if you don’t yet understand why so many on the “Right” are ready to dispense with the FED, our money system and current Federal borrowing methods, you need to do your own research on exactly why and how the FED rips you off ever second of ever damned day of your two-bit life.
General, the Fed just announced their largest loss in history and the taxpayers on the hook to cover it.
^^^^^
Where we are at.
What it takes to fix it,
https://www.theburningplatform.com/2024/04/05/the-upside-of-actual-violence/#more-334177
Illinois is so fucked up that a 99 cent store wouldn’t have a chance, hell we have Dollar stores going out of business thanks to the Demoncrats and JB Pritzker
Thanks Brandon. FJB.
Swirling the toilet bowl and most of us are just worried about getting wet.
It really is sad.
mortem tyrannis
izlamo delenda est …