Content about Eric Schiffer

January 24, 2013
Management shakeup at 99 Cents Only Stores; CEO out

The founding family of the 99 Cents Only Stores chain has been fired by its owners, with retail veteran Richard Anicetti and Michael Fung taking over top executive roles.

October 11, 2011
99 Cents Only in $1.6 billion buyout

Discounter 99 Cents Only Stores said Tuesday it has agreed to be acquired by a group of investors including its founding family, Ares Management and Canadian Pension Plan Investment Board for $1.6 billion in cash.

January 10, 2011
Rain dampens discounter's holiday performance

Third-quarter sales growth was hard to come by at 99 Cents Only as the extreme value retailer’s heavy concentration of stores in Southern California were negatively affected by unseasonably strong rains that hit the region prior to Christmas.

September 4, 2008
99 Cents Only Stores to Re-evaluate Pricing Strategy

Amid rising inflation and soaring food prices, the 99? Only Stores chain is re-evaluating its...

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