99 Cents Only
We all love 99 Cents Only because they sell low-cost items. It competes with similar stores such as Walmart, Dollar Tree, and Dollar General. It had a net loss of $27.1 million in December 2017, as well as losses of $42.4 million in the first and second quarters of the year. Before selling it to Canada Pension Plan, Ares Management purchased it. It has now been entrusted to a private family. Since then, the company’s new CEO, Jack Sinclair, has reported positive same-store sales. Unfortunately, it is impossible to deny that the discount store is in decline.
99 Cents Only
Neiman Marcus
In 2017, Neiman Marcus’ top-line sales of $4.7 billion were down 5% from the previous year. The recommendations included laying off 200 employees and focusing on a “Digital First” strategy. A rumor circulated that Hudson’s Bay, a Canadian company, was interested in purchasing it, but this did not materialize.
Neiman Marcus