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99 Cents Only Stores history
99 Cents Only Stores company history timeline
1996 Public Offering Fuels Expansion
By 1996, there were more than 30 99¢ Only stores scattered throughout the Los Angeles area, with annual sales topping $150 million.
In November 1997, 99¢ Only acquired 48 percent of Minnesota-based Universal International, Inc. for $4 million in cash and merchandise.
With the proceeds raised through the IPO, Gold opened a number of new stores before the end of the year, giving the company a total of more than 40 stores as it entered 1997.
The transaction was expected to be concluded by mid-1998 for approximately $17 million.
His family said he lived in the same middle-class home for nearly five decades with Sherry, his wife of 55 years, and drove the same Toyota Prius he purchased in 2000.
The company was sold in 2011 for about $1.6 billion.
2012 marked a turning point for the Company when it celebrated its 30th anniversary and decided to go private by partnering with Ares Management and the Canadian Pension Plan Investment Board.
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99 Cents Only Stores competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Hallmark Cards | 1910 | $5.0B | 30,000 | - |
| Kohl's | 1962 | $16.2B | 110,000 | 1,468 |
| Ralphs | 1873 | $3.0B | 27,000 | 103 |
| Neiman Marcus Group | 1907 | $4.9B | 13,500 | 11 |
| Nordstrom | 1901 | $15.0B | 74,000 | 960 |
| Levi Strauss & Co. | 1853 | $6.4B | 15,100 | 730 |
| Vudu | 2004 | - | 180 | - |
| Fred's | 1947 | $1.3B | 7,324 | 26 |
| Dollar Tree | 1986 | $17.6B | 193,100 | 11,468 |
| Save A Lot | 1977 | $1.0M | 25 | 304 |
99 Cents Only Stores history FAQs
Zippia gives an in-depth look into the details of 99 Cents Only Stores, including salaries, political affiliations, employee data, and more, in order to inform job seekers about 99 Cents Only Stores. The employee data is based on information from people who have self-reported their past or current employments at 99 Cents Only Stores. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by 99 Cents Only Stores. The data presented on this page does not represent the view of 99 Cents Only Stores and its employees or that of Zippia.
99 Cents Only Stores may also be known as or be related to 99 CENTS ONLY STORES LLC, 99 Cent Depot, 99 Cents Only Stores, 99 Cents Only Stores LLC and 99 Cents only Stores LLC.