99 Cents Only
99 Cents Store is a store that sells items for a low price. Dollar General, Walmart, and Dollar Tree are among its competitors. The company reported a net loss of $27.1 million in December 2017, on top of a $42.4 million loss in the first and second quarters. This company was later bought out by Ares Management before being sold to Canada Pension Plan and then to a private family. The new CEO, Jack Sinclair, reported positive same-store sales. Despite this, the discount store continues to lose ground.
99 Cents Only
Neiman Marcus
The $4.7 billion top-line sales of Neiman Marcus fell 5% in the 2017 fiscal year. There have been suggestions that 200 employees be laid off and that a “Digital First” customer engagement strategy be implemented. Hudson’s Bay, a Canadian company, was rumored to be interested in purchasing it. Regrettably, this did not occur.
Neiman Marcus
