What to Know
- Some closed 99 Cents Only Stores locations will reopen as Dollar Tree.
- Dollar Tree announced that it is buying the rights to 170 99 Cents Only Stores in Arizona, California, Nevada and Texas.
- The stores are expected to reopen as early as fall.
Dollar Tree will be branching out at new locations in four states, including California, after acquiring 170 99 Cents Only Stores.
The company announced the move Wednesday, buying the rights to 99 Cents Only Stores in Arizona, California, Nevada and Texas. The company did not provide details about the locations in its news release.
Southern California-based 99 Cents Only Stores filed for Chapter 11 bankruptcy in April, starting the process to dispose of its assets, including inventory, real estate and store leases at all 370 locations. The closures delivered a financial blow to some consumers struggling to find…