Website: N/A
Stock Symbol: NYSE: NDN
Market Value: N/A (in millions)
99¢ Only Stores (the “Company”) is an extreme value retailer of consumable
general merchandise with an emphasis on name-brand products. The Company’s
stores offer a wide assortment of regularly available consumer goods as well as
a broad variety of closeout merchandise. As of March 31, 2007, the Company
operated 251 retail stores with 177 in California, 41 in Texas, 22 in Arizona,
and 11 in Nevada. These stores averaged approximately 22,000 gross square feet.
In fiscal 2007, the Company’s stores open for the full year generated average
net sales per estimated saleable square foot of $254, which the Company believes
is among the highest in the extreme value retail industry, and average net sales
per store of $4.4 million, which the Company believes is the highest among all
dollar store chains. The Company entered the Texas market in June 2003. In
fiscal 2007, 196 non-Texas stores open for the full year averaged net sales of
$4.