99 Cents Only
99 Cents is a store that sells low-cost items. It competes with brands such as Dollar General, Walmart, and Dollar Tree. The company recorded a net loss of $27.1 million in December 2017, on top of a loss of $42.4 million in the first and second quarters. Ares Management later purchased this company before it was sold to Canada Pension Plan and then to a private family. The new CEO, Jack Sinclair, claimed good same-store sales. Despite this, the discount retailer is still on the decline.
99 Cents Only
Neiman Marcus
During the 2017 fiscal year, Neiman Marcus had a 5% reduction in its $4.7 billion top-line sales. There have been calls to lay off 200 people and implement a “Digital First” consumer engagement strategy. It was rumored that Hudson’s Bay, a Canadian firm, was interested in purchasing it. Unfortunately, this did not occur.
Neiman Marcus
