99 Cents Only Stores sales up in Q2

Commerce, Calif. 99 Cents Only Stores said Thursday that its same-store sales grew 2.3% in its second quarter.

The company saw its total sales grow 2.2% to $324.7 million for the quarter ended Sept. 26.

The discounter said the average transaction shrank 1.2% to $9.45.

Eric Schiffer, CEO of 99 Cents Only Stores, said that due to the recession many middle- to upper-income consumers are coming into the stores for the first time for their household needs.

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