99 Cents Only Stores to Close All 371 Locations, Wind Down Business

The discount chain said that ‘an orderly wind-down’ of its operations was necessary and the best way to maximize the value of its assets.

People shop at a discount store in the Bronx borough of New York City, on July 13, 2022. Shannon Stapleton/Reuters

99 Cents Only Stores announced on Thursday that it would shut down all 371 of its locations, bringing an end to its operations after more than 40 years in business.

The discount chain, founded in 1982, said that it made the decision after conducting “an extensive analysis” of available alternatives with its financial and legal advisors to maintain operations.