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99 Cents Only Stores
99 Cents Only Stores, in Response to Dramatically Rising Costs and Inflation, is Forced to Announce Its First Ever Price Increase, Raising Its Top Price from 99 Cents to 99.99 Cents, Which is an Increase of Almost
September 26th, 2008
99 Cents Only Stores(R) (NYSE:NDN), where customers shop first for exceptional values on everyday name brand items, announces its first ever price increase in 26 years, raising its top price of 99 cents to 99.99 cents, which is an increase of almost a whole penny. This just under a penny increase means that the new maximum price in the store will still be just under a dollar. The new price point will be implemented across the company's 277 stores later this month. Eric Schiffer, CEO of 99 Cents Only Stores, said, "In response to dramatically rising costs and inflation, 99 Cents Only Stores(R) is forced to raise its price by almost one full penny to 99.99 cents, which is...
Source: Health Business Week (2008-09-26)
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