About 99¢ Only Stores
99¢ Only Stores is a unique deep-discount retailer of primarily name-brand consumable general merchandise. We have always delivered great value to our customers, and in these challenging economic times, we are "The Right Store...Now More Than Ever!"
We provide an exciting primary shopping destination for price-sensitive consumers, and a fun treasure-hunt shopping experience for other value conscious consumers. We accomplish this by offering excellent values on a wide selection of quality food and basic household items with a focus on name brands and an exciting assortment of “wow” items. Our stores are attractively merchandised, clean, full service "destination" locations that offer customers significant value on their everyday household needs in a fun shopping environment. Merchandise encompasses a wide array of name brand closeouts and regularly available consumable products including food and beverages such as produce, deli, and other basic grocery items. |
From the first store opening in 1982, 99¢ Only Stores has expanded to 298 stores with about 73% in California and the rest in Texas, Arizona, and Nevada. Stores open at least a year generated average net sales per estimated sellable square foot of $295 and average net sales per store of $5 million, which the Company believes are the highest in the dollar store industry.
Opportunity
Strong Long-term Vendor Relationships
Integrity, flexibility, dependability and prompt payment are key to 99¢ Only Stores successful vendor relationships. Many of the Company’s strong supplier relationships go back over 25 years. 99¢ Only Stores has developed an excellent reputation among the leading consumer goods manufacturers as a leading purchaser of name-brand, re-orderable, and closeout merchandise at discounted prices. Its willingness and consistent practice over many years to make very large volume purchases and take possession of merchandise immediately, its ability to pay cash or accept abbreviated credit terms, its willingness to purchase goods close to a target season or out of season and its commitment to honor all issued purchase orders have all contributed to building this reputation. In fact, 99¢ Only Stores has never cancelled a purchase order! The Company's experienced buying staff, with the ability to make immediate buying decisions, also enhances its strong supplier relationships. 99¢ Only Stores' relationships with its suppliers is further enhanced by its ability to minimize channel conflict for the manufacturer by quickly and discreetly selling name-brand merchandise directly through its stores. Additionally, the Company believes its well-maintained and attractively merchandised stores have contributed to its reputation among suppliers for protecting their brand image.
99¢ Only Stores’ buys directly from almost every major namebrand consumer goods manufacturer in the nation including 3M, Cadbury Adams, Church & Dwight, Coca-Cola, Colgate-Palmolive, Con Agra, Del Monte, Dial, Dole, Energizer, Frito Lay, General Mills, Hasbro, Heinz, Hershey Foods, Johnson & Johnson, Kellogg’s, Kraft, Masterfoods, Nestle, Procter & Gamble, Quaker, Revlon, Unilever, and Wrigley.
“99¢ Only Stores has never cancelled a purchase order in the Company’s history!”
