To promote the opening of a new store, ultra-discount chain 99 Cents Only stocked a few things they don’t normally carry, and sold them for 99 cents. Things like iPods and scooters. When they opened a store in San Jose, Calif., this sale proved popular. Very popular.
Kim McGrigg at Blogging for Change took a look at the dollar stores in her neighborhood and found that it can take some work to make sure you’re actually saving money. In fact, on a couple of items she actually paid a fraction more than what she would have at a superstore like Walmart. This matches what Consumer Reports’ shopping mag, ShopSmart, discovered in their recent “Dollar Mania” report (free PDF download).
99 Cents Only, the L.A.-based chain of not-quite-a-dollar stores, has come up with a novel approach to the growing losses it faces as the economy worsens: they’re raising their top-priced items to 99.99 cents.
Reader Daniel says that this “dollar store” where everything is a dollar or more seems to be doing better than the 99 cents or less store on the same street. It’s having a store-wide 50% off sale.
Can there be any sadder indication of our toilet-water economy than a dollar store that references its own happier, cheaper past? This New York City dollar store has pulled down its old sign, “Everything 99¢ Or Less,” and rebranded.
Procter & Gamble has filed a lawsuit against a California company, claiming that it stole the design for their Herbal Essences shampoo bottle molds.