99 Cents Only Stores 30% off liquidation sale starts April 5 – real estate, equipment also selling

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CALIFORNIA – 99 Cents Only Stores announced a going-out-of-business sale, starting April 5, at all of its 371 locations.

The company says this event marks a final opportunity for customers to take advantage of savings on everyday essential consumables and general merchandise.

“Shoppers will find significantly reduced prices on name-brands as well as regularly available food and beverage products such as produce, deli, and other grocery items. Store fixtures, furniture, and equipment will also be available for sale,” said the news release.

The company says discounts will be up to 30% off lowest ticketed prices across all departments.

Real estate assets for sale

In addition to store discounts, the company is working with Jefferies LLC and Hilco Global in the sale of their real estate assets, both owned and leased, in Arizona, California, Nevada, and Texas. 

“Among the 44 owned real estate assets being sold are several marquee properties, including highly desirable locations along well-known corridors such as Sunset Blvd., Fairfax Ave. and Pico Blvd. in Los Angeles, CA,” said the news release.

A complete list of the 44 owned properties and 333 leased properties, including general descriptions and due diligence information, can be viewed on Hilco’s website. 

99 Cents Only Stores permanently closing

99 Cents Only Stores announced April 4, that they are winding down their business operations and will permanently close all of their 371 store locations after more than 40 years in operation.

The company said the impact of the COVID-19 pandemic, shifting consumer demand, rising levels of shrink, persistent inflationary pressures and other macroeconomic headwinds,  have greatly hindered the company’s ability to operate.

To view the a list of 99 Cents Only Stores properties and leases for sale visit https://hilcorealestatesales.com/listings/

RELATED: 99 Cents Only Stores to permanently close all 371 locations 

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