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All 99 cents only stores are shutting down after 42 years in
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business. Dang Jenny,
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I just moved out here,
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you know how 99 cent stores hold me down,
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you know, between paychecks and shit.
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Like now, now where am I gonna go?
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And it's like I know that they're like,
00:17
now they're like 199 but I would have been ok with that
00:20
you know, just don't shut down completely and I grew
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up with the 99 cent store like i it's another Blockbuster thing
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where they take away from us.
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But so the discount chain is closing all 371 locations this month
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The CEO says they've been struggling for years due to the
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pandemic, inflation and shrink,
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which means the losses from things like shoplifting and employee theft.
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Jenny. That sounds s as he,
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you blaming the closing on shoplifting and employee theft.
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I don't know if I buy it.
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Like how much as an employee can you steal from the 99
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cent store? Like fucking 15 bucks worth of shit.
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Like that's the whole inventory in the back.
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You're gonna close all how many stores.
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371 locations over that.
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Yeah, I don't know if I buy a jean but
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I need a bad excuse.
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so the company was bought in 2011 for $1.6 billion by a
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private equity and now 99 cents is liquidating all their products and
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selling their real estate holdings.
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They're basically being sold for parts like if you were to buy
01:36
a car and sell the parts separately.
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Honestly, that sounds like more of the reason why they're
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selling it. I feel like maybe they think,
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oh, we can make more money,
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money this way, you know,
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by, by chopping it up and selling the real estate and
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all that. That sounds more of a like that's what they're
01:56
going for not saying that that's what it is,
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but it sounds like it is.
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it, it just seems so weird,
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Jenny, like, because you would think that with like COVID
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and the inflation prices,
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like these 99 cent stores would be killing it.
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You feel me? But or maybe they're just using,
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well, it's a good time to say that this is the
02:15
reason why we're selling it,
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you know, like it's a good like,
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excuse, I guess you can say,
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you know, that's let's do it now.
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But anyhoo, that's just me.
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What's your favorite thing to buy from there?
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What's your favorite item that you're gonna miss?
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The dieters tea. I don't know,
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like, I used to get these Swedish fish bags,
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like these candy bags.
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I don't see them nowhere else that size.
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only at these stores or the chips.
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Dude, the fucking chips are cheap.
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I mean, they're half full of air but it's all good
02:50
I like the little breeze when you open it.
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The little breeze that's like 99 cents of air in my face
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I got good news for you.
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The 99 cents only stores will have a going out of business
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sale in all locations.
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So they will have a massive savings on most items from April
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how can you go cheaper than 99 cents?
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Jenny, let's open our own store.
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We only need like $100 to buy out like the store.
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Like, let's go and open up,
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go over there, grab everything.
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let's move on to the next story.
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