The 99 Cent Only Store at 1327 E Huntington Drive in Duarte finally opened on March 15th with all the fanfare that has come to accompany the opening of these stores. The first nine customers in line were able to purchase a Phillips 22″ flat screen TV, a $230 value, for only 99 cents. The next 99 customers were able to purchase a scooter for 99 cents.
The location was previously occupied by a video store, then, for a short while, a Goodwill donation center, before the nearly complete rebuilding of the structure, including a new roof and facade.
Founded in 1982, 99 Cents Only Stores® currently operates 295 extreme value retail stores consisting of 217 stores in California, 36 in Texas, 29 in Arizona, and 13 in Nevada. 99 Cents Only Stores®emphasizes quality name-brand consumables, priced at an excellent value, in convenient, attractively merchandised stores. Over half of the Company’s sales come from food and beverages, including produce, dairy, deli and frozen foods, along with organic and gourmet foods. The 99 Cents Only Stores chain was acquired by Ares Management and the Canadian Pension Fund Investment Board for $22 per share in October 2011.