California's '99 Cents Only Stores' to close down in US

COMMERCE, California: Ending its 42-year run of selling an assortment of bargain-basement merchandise, 99 Cents Only Stores say that it will close all 371 of its outlets around the U.S.

The California-based retailer has stores across its home state and in Arizona, Nevada, and Texas. It said it would begin selling off its stock of merchandise, as well as fixtures, furnishings, and equipment.

In a statement,