Released: August 29, 2008

99 cents only retail chain may face price hike

Source: Andrea Chang, Los Angeles Times (Free Registration)

Ninety-nine cents just doesn’t go as far as it used to, and that’s a problem for the 99 Cents Only Stores chain.

Faced with fast-rising inflation and soaring food prices, the retailer—known for never selling anything for more than 99 cents—is reevaluating its pricing strategy. And that could mean breaking the $1 barrier for the first time in the company’s 26-year history.

Read Full Article: 99 cents only retail chain may face price hike