citykid09 Posted September 20, 2008 Share Posted September 20, 2008 http://www.bizjournals.com/houston/stories...ml?ana=from_rss I thought they were doing good in Texas considering the expanded so quickly. Link to comment Share on other sites More sharing options...
musicman Posted September 20, 2008 Share Posted September 20, 2008 very surprising. they seemed to be pretty successful. Link to comment Share on other sites More sharing options...
TheNiche Posted September 20, 2008 Share Posted September 20, 2008 I've only been in them a few times, but it never really seemed to me like they were doing enough business to justify their existence. Perhaps the cost of living is already so low here that it is harder for them to compete. Or perhaps our consumers are just better at reading labels and making price comparisons on the basis of volume than are consumers from other states. Link to comment Share on other sites More sharing options...
The Great Hizzy! Posted September 21, 2008 Share Posted September 21, 2008 When you sell the majority of your stock for roughly a dollar, you're likely to need a higher volume of customers buying those items than a more upscale store. Granted, you pay less on the dollar for your inventory but still. From my experience, the The 99 Cents Store seemed to have merely an okay volume of customers on a daily basis, and considering the number of competitors in this retail niche, that's not very distinguishing.Not surprised they decided to cut out some of their inventory of stores. Sometimes, you can expand by too much and too quickly.This will, unfortunately, create a number of big box retail vacancies across the metro at least for the short term. It'll be interesting to see what replaces them. Link to comment Share on other sites More sharing options...
TheNiche Posted September 21, 2008 Share Posted September 21, 2008 This will, unfortunately, create a number of big box retail vacancies across the metro at least for the short term. It'll be interesting to see what replaces them.They're not in great locations. Don't expect to be dazzled. Link to comment Share on other sites More sharing options...
citykid09 Posted September 21, 2008 Author Share Posted September 21, 2008 I'm thinking King Dollar might buy the locations. Link to comment Share on other sites More sharing options...
UrbaNerd Posted September 21, 2008 Share Posted September 21, 2008 They're not in great locations. Don't expect to be dazzled.There's one off of Westheimer, across from Shepherd Plaza.http://maps.google.com/maps?f=q&hl=en&...mp;cbp=1,0,,0,5One may also wonder what will happen their distribution center off of 99@I-10 in Katy... Link to comment Share on other sites More sharing options...
Trae Posted September 22, 2008 Share Posted September 22, 2008 I've been in there a few times. It looked to have a normal crowd in there (business wise). They have a big distrubution center out in Katy (NW corner of I-10 @ Grand Parkway). Link to comment Share on other sites More sharing options...
TheNiche Posted September 22, 2008 Share Posted September 22, 2008 There's one off of Westheimer, across from Shepherd Plaza.http://maps.google.com/maps?f=q&hl=en&...mp;cbp=1,0,,0,5The site is really too small to do anything meaningful with. But yeah, it will be interesting to see how that one is used. Link to comment Share on other sites More sharing options...
dbigtex56 Posted September 22, 2008 Share Posted September 22, 2008 Very sorry to hear they're closing. Savvy shoppers can find some great deals. Yesterday I bought two huge red bell peppers at the Westheimer/Shepherd location for 99 Link to comment Share on other sites More sharing options...
CoolBuddy06 Posted September 22, 2008 Share Posted September 22, 2008 Very sorry to hear they're closing. Savvy shoppers can find some great deals. Yesterday I bought two huge red bell peppers at the Westheimer/Shepherd location for 99 Link to comment Share on other sites More sharing options...
sifuwong Posted September 25, 2008 Share Posted September 25, 2008 http://www.bizjournals.com/houston/stories...ml?ana=from_rss I thought they were doing good in Texas considering the expanded so quickly. Wow! These are the better 99 cent stores. They have nice Christmas bags for like 49 cents/bag. Link to comment Share on other sites More sharing options...
Pumapayam Posted January 23, 2009 Share Posted January 23, 2009 So. . . why are they still here , did they forget they made a public press release about pulling out of Texas. . . Hello??? Link to comment Share on other sites More sharing options...
citykid09 Posted January 23, 2009 Author Share Posted January 23, 2009 So. . . why are they still here , did they forget they made a public press release about pulling out of Texas. . . Hello??? I heard that they are now staying open because they are doing good with the bad economy. And I also heard that Mark Cuban (owner of the Dallas Mavericks) might buy the Texas locations and change the name to "Bigger Better Value." So those are 2 different rumors that I have heard. Link to comment Share on other sites More sharing options...
Pumapayam Posted January 23, 2009 Share Posted January 23, 2009 I heard that they are now staying open because they are doing good with the bad economy. And I also heard that Mark Cuban (owner of the Dallas Mavericks) might buy the Texas locations and change the name to "Bigger Better Value." So those are 2 different rumors that I have heard.Any online print documents that reflect these rumors? Link to comment Share on other sites More sharing options...
citykid09 Posted January 23, 2009 Author Share Posted January 23, 2009 Any online print documents that reflect these rumors?Right after I typed that, I went to look for some proof because I wanted to confirm it myself, but found nothing. Link to comment Share on other sites More sharing options...
ChannelTwoNews Posted February 4, 2009 Share Posted February 4, 2009 Ok, so maybe they'll be around for a while, save some closures...http://houston.bizjournals.com/houston/sto...02/daily38.html Link to comment Share on other sites More sharing options...
Pumapayam Posted February 4, 2009 Share Posted February 4, 2009 Ok, so maybe they'll be around for a while, save some closures...http://houston.bizjournals.com/houston/sto...02/daily38.html One-third of the City of Commerce, Calif.-based retailer’s Texas stores will close by March 28, the company’s fiscal year-end, but the board voted to continue operations in the remaining two-thirds of its Texas stores and continue to operate its distribution center in the state to support these stores. Fluff puff, so where are the 1/3 of the stores are they closing by March 28th? Can we have a store list here Allison Wollam. . . addresses? How many of the Houston 20 will shut down. Also, I like how she had to point out one-third and two-thirds in the same sentence, as if we could not deduced the obvious. Link to comment Share on other sites More sharing options...
rsb320 Posted February 5, 2009 Share Posted February 5, 2009 I came across something that stated the 99 Cent Store is reconsidering its pullout of Texas. I just can't remember where I saw it. Link to comment Share on other sites More sharing options...
RedScare Posted February 5, 2009 Share Posted February 5, 2009 I came across something that stated the 99 Cent Store is reconsidering its pullout of Texas. I just can't remember where I saw it. Maybe in the two posts directly above yours. Link to comment Share on other sites More sharing options...
Pumapayam Posted February 5, 2009 Share Posted February 5, 2009 I came across something that stated the 99 Cent Store is reconsidering its pullout of Texas. I just can't remember where I saw it. This has to be the funniest post of the day. Good one. Maybe in the two posts directly above yours. Link to comment Share on other sites More sharing options...
rsb320 Posted February 6, 2009 Share Posted February 6, 2009 Maybe in the two posts directly above yours. - Link to comment Share on other sites More sharing options...
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