CITY OF COMMERCE, Calif. — 99 Cents Only Stores here said yesterday it plans to announce in early August whether it will exit its 34-unit Texas operation or implement a plan to increase profitability there. In the seven weeks since Easter, those stores have shown same-store sales increases of 20% because of improved merchandising and strong word-of-mouth, Eric Schiffer, chief executive officer, said in a conference call. For the fourth quarter, which ended March 28, net income at the ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Registering for content on Supermarket News will give youINSTANTaccess to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’sFREE, easy and quick. What are you waiting for!In addition you will also receive a complimentary copy of SN's salary survey sent to you by email.
Attention Paid Print Subscribers: While you have already been grantedfreeaccess to SNwe ask that youregister now.We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.