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  September 5, 2001
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Home > Company Index > Retail > Discount & Variety Retailing > 99 CENTS Only Stores

99 CENTS Only Stores
NYSE: NDN
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 PROFILE
Pass the buck, then get a penny back. 99 CENTS Only Stores sells closeout and regular general merchandise for 99 cents or less. The company runs about 100 stores in Southern California (and a half-dozen in central California and Las Vegas) that sell name-brand and private-label food and beverages, health and beauty aids, household goods, toys, and other products. The firm intends to take 99 CENTS to Arizona, where it believes there is room for as many as 35 stores. Its Bargain Wholesale unit distributes discounted merchandise to retailers, distributors, and exporters. The Gold family (CEO David is the founder) owns about 40% of the company.

 COMPETITION
Big Lots, Inc. (BLI)
Kmart Corporation (KM)
Wal-Mart Stores, Inc. (WMT)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 451.90
1-Yr. Sales Growth: 25.5%
Employees: 4,044
Revenue per employee: $111,745.80

 KEY PEOPLE
• David Gold
    CEO
• Andy Farina
    CFO

 CONTACT INFO
4000 Union Pacific Ave.
City of Commerce, CA 90023
US
Phone: 323-980-8145
Fax: 323-980-8160
Online: Web Site

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