99¢ Only Stores®, the Oldest Single-Price Point Retail Chain in the United States, to Announce Its First Change to Its Price Policy since Its Founding in 1982

Sep 4, 2008

CITY OF COMMERCE, Calif.--(BUSINESS WIRE)--99¢ Only Stores®, the oldest single-price point retail chain in the United States, to announce its first change to its price policy since its founding over 25 years ago. A press conference to announce the change will be held on Monday, September 8th at 1pm Pacific Daylight Time at the 99¢ Only Stores located at 6121 Wilshire Boulevard adjacent to Beverly Hills, California. Additionally, a news release announcing the change will be issued simultaneously.

Eric Schiffer, CEO of 99¢ Only Stores®, said, “There has been a lot of speculation in the media about what 99¢ Only Stores® is going to do about its price policy. On September 8th we will hold a press conference at our company’s highest sales volume store located two blocks from Beverly Hills to announce our detailed plans. We would like to assure our wonderful customers that they can continue to depend on 99¢ Only Stores® to have the best values on quality merchandise including food and other basic household items.”

99¢ Only Stores® is the nation’s oldest single-price retailer with 277 stores located in California, Texas, Arizona and Nevada.
The company’s New York Stock Exchange symbol is NDN.

Note to Editors: 99¢ Only Stores® news releases and information available on the company’s website at http://www.99only.com.

For further information: 99¢ Only Stores®, City of Commerce Elsy Guardado, 323-627-8927