In a significant blow to discount shopping in the Southwest, 99 Cents Only Stores is ringing up its final sales and closing all 371 outlets in California, Arizona, Nevada, and Texas. The widespread closures come as the company grapples with the enduring impacts of the COVID-19 pandemic, evolving consumer habits, and persistent economic pressures. According to CBS News Los Angeles, interim CEO Mike Simoncic expressed deep regret over the move, calling it "an extremely difficult decision" and not the desired outcome.

In the wake of the unforeseen closures, L.A. County is taking steps to support those employees facing job losses. "I am worried about the thousands of 99 Cents Store workers across L.A. County who are going to lose their jobs, but L.A. County is ready to help," Supervisor Janice Hahn stated in a news release on her official website, echoing the county’s readiness to aid these workers. This includes plans for financial assistance and job training programs, aiming to put affected employees on a path to better job prospects, as reported by NBC Los Angeles. Despite the job losses, the L.A. County Board of Supervisors is directing their staff to compile a report within 60 days detailing potential support measures for those impacted.

The impending shutdown will see merchandise, fixtures, and other store equipment liquidated. Hilco Real Estate has been employed to oversee this liquidation process, as stated in a company announcement. 99 Cents Only Stores, which originated in 1982, have long been praised for their bargain deals. However, the company could not withstand the significant challenges that have persisted in the retail sector over the past several years. As liquidation sales kick-off, consumers are preparing to say their goodbyes to the familiar discount chain, as detailed by ABC7.