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It offered a combination of closeout branded merchandise, general merchandise and fresh foods. 99 cents only stores will close all 371 of its stores and wind down its business operations after more than four decades, the city of commerce discount chain announced thursday. After over four decades in business, 99 cents only stores will close all its doors permanently

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The retail chain, once known for its below $1 prices, announced the closure of all 371. Two distribution centers in california and texas supported the. 99 cents only stores — a discount chain with stores in california, texas, arizona and nevada — is winding down its business operations at all 371 locations, the company said thursday.

The national chain of 99 cent only stores — consisting of 371 locations in four states — is shutting down, with operators blaming unmanageable inflation and theft.

As the retail landscape continues to evolve, the lessons learned from the rise and fall of 99 cents only stores will undoubtedly shape the strategies of dollar stores, grocery chains, and mass merchandisers in the years to come. 99 cents only offers everyday household items, seasonal and party merchandise, closeouts, basic grocery items and fresh produce