99 Cents Only Stores on Tuesday announced its financial results for the shortened fiscal year 2014 that began on March 31, 2013 and ended January 31, 2014, consisting of 44 weeks.
99 Cents Only stores announced on Monday Stéphane Gonthier as the company's new president and CEO. Gonthier is leaving Dollarama, where he was COO since September 2007.
99 Cents Only Stores posted a net sales increase of 8.9% to $1.7 billion for fiscal 2013.
Net sales at 99 Cents Only Stores increased 8.8% in third quarter 2013, the company said.
Most retailers in Canada are ready for a phase-out of 1-cent coins, a national retailing trade group said Wednesday.
Regional store chain 99 Cents Only Stores has launched a new website that it said would offer more easily accessible information on new products, as well as company information.
A 2.9% third-quarter same-store sales increase and the sale of its credit card business pushed Target’s third-quarter profit up 17.6% to 96 cents a share.