Companies Circling The Drain: What about Chapter Elevenses?

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The Something Awful Forums > Main > Post Your Favorite: Carefully Curated > Companies Circling The Drain: What about Chapter Elevenses?

SilentChaz: Oct 5, 2011; Sorry, I'm quite busy at the moment.

Speaking of dollar stores, all 371 of the 99 Cents Only stores will be shutting down.

quote:

"This was an extremely difficult decision and is not the outcome we expected or hoped to achieve," interim CEO Mike Simoncic said in a news release. "Unfortunately, the last several years have presented significant and lasting challenges in the retail environment."

Simoncic said several factors contributed to the dire state of the discount store company, including the "unprecedented impact left by the COVID-19 pandemic." He also cited shifting consumer demands, inflationary pressures and rising shrinkage levels, which refers to the loss of inventory or cash from theft, damage, or administrative errors.

# ¿ Apr 6, 2024 12:04

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# ¿ May 15, 2024 20:01

SilentChaz: Oct 5, 2011; Sorry, I'm quite busy at the moment.

Biplane posted:

Shrinkage

COVID-19

# ¿ Apr 6, 2024 15:18

The Something Awful Forums > Main > Post Your Favorite: Carefully Curated > Companies Circling The Drain: What about Chapter Elevenses?