The discount store 99 Cents Only will be going out of business as of June 5th 2024. There will be over 370 stores closing across California, Nevada, Arizona and Texas. All stores will be closing due to inflation, customers demand and financial struggles due to the Covid-19 pandemic.

The 99 Cents Only Store was founded by Dave Gold. He first inherited a liquor store in downtown Los Angeles in the 1960’s. Gold decided to run a test selling wine for only 99 cents. After the test was proven successful he thought it would be a good idea to start selling everything in the store for 99 cents. Whenever he would sell merchandise for over 99 cents, nothing ever sold out. But as soon as he would put the 99 cent sign on anything, it would be sold out in no time, which is how the 99 Cents Only Store became what it is today. Founders, Mr. and Mrs. Gold opened the first 99 Cents Only store on August 13, 1987 in Los Angeles CA.

Eleventh grader Hannah Moreau says she is disappointed that the store is closing because “people with lower incomes buy their groceries from there because groceries are expensive everywhere else.”

With the increasing cost of items and inflation, people who look towards the 99 Cents Only Store are unable to purchase these items. The 99 Cent Only Store has been very reliable over the past few decades for those who were unable to afford high price items or for people who need to buy large quantities of things for a lower price.