99¢ Only Stores To Leave Texas

  • September 19, 2008
The company on Thursday announced the move from the Lone Star State, where it has 48 stores, in order to focus on its core markets of California, Arizona, and Nevada, where it has 230 stores that contribute approximately 90% of the company's sales.

Despite years of positive same-store sales, the company's Texas stores were only generating slightly more than half of the average sales of its non-Texas stores, it said. In addition, the Texas operation "remains unprofitable."--Nina M. Lentini

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