99 Cents Only
99 Cents is a store that offers products at a low price. It is a competitor of brands like Dollar General, Walmart, and Dollar Tree. In December 2017, the company had a reported net loss of $27.1 million on top of its $42.4 million loss during the first and second quarters. Ares Management later bought out this company before it was sold to Canada Pension Plan and, finally, a private family. Jack Sinclair, the new CEO, reported positive same-store sales. Despite this, the discount store is still declining rapidly.
99 Cents Only
Neiman Marcus
During the 2017 fiscal year, Neiman Marcus witnessed a decrease of 5% in its $4.7 billion top-line sales. There are suggestions to let go of 200 employees and make a “Digital First” customer engagement plan. Rumor had it that Hudson’s Bay, a Canadian company, wanted to buy it. Sadly, this did not happen.
Neiman Marcus
