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99 Cents Only, the largest 100-yen store chain, will close approximately 371 stores.
The company stated this in a press release, saying, “After actively pursuing these alternatives for several months, the company ultimately determined that an orderly wind-down was necessary to maximize the value of the 99 Cents Only Store’s assets.” “We decided that this was the best way to go.”
One of the country’s major dollar store chains has closed most of its stores due to a financial crisis.
99 Cents Only stores will begin closing hundreds of stores starting Friday as the company moves toward complete liquidation.
“99 Cents Only Stores, along with its financial and legal advisors, has extensively analyzed all available credible alternatives and identified a solution that will allow for continued business operations,” the company said in a press release. Ta.
“After actively pursuing these alternatives for several months, we ultimately determined that an orderly downsizing was necessary and the best way to maximize the value of our 99 Cents Only Store assets. did.”
99 Cents Only LLC currently has approximately 371 locations, all of which are set up for merchandise and real estate liquidations.
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