We are an exciting shopping destination—often the first stop—for price-sensitive consumers, and a fun treasure-hunt shopping experience for other value conscious consumers. The stores date back to the s when the company's founder, Dave Gold, inherited a tiny liquor store in downtown Los Angeles and decided to run a test by selling bottles of wine at a fixed price-point of 99 cents. The test was an instant success. Dave thought selling everything in the store for 99 cents would be hugely popular. More than people showed up to stand in line and wait for the store to open.
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199 questions about working at 99 Cents Only Store
The company also operates Bargain Wholesale , which sells wholesale to retailers across the United States and exports to more than 15 countries from showrooms in Los Angeles. It also exhibits at trade shows in Las Vegas and Chicago. The test was instant success, and Dave thought that selling everything in the store for 99 cents would be hugely popular. I realized it was a magic number. More than people showed up to stand in line and wait for the store to open. The success of this first grand opening inspired a tradition, with new stores continuing for years to offer cent deals for televisions and other products. In November , a more flexible pricing structure was implemented where items are sold for prices lower than 99 cents for example, 69 or 49 cents. The management believed that this will permit better management of commodity price increases. Despite having announced on September 18, , that the company would close all stores in Texas , in February , the company decided that it will close only one-third of its Texas stores. The company quoted a rise in sales, and plans to keep the stores open, as long as the stores remain profitable.
Not to flexible. You get 40 hours and if wanting to work overtime they will give. For min.