Content about Penny

February 7, 2013
99 Cents Only sales and profits increase in Q3; six stores on tap

99 Cents Only Stores reported that profit for the quarter ended Dec. 29 rose 6.5% to $51 million, compared with $47.9 million in the year-ago period.

City of Commerce, Calif. -- 99 Cents Only Stores reported Thursday that profit for the quarter ended Dec. 29 rose 6.5% to $51 million, compared with $47.9 million in the year-ago period.

Total sales increased 8.8% to $35.6 million, from $403.9 million last year. Same-store sales rose 4.3%.

The company said it plans to open six stores during the fourth quarter, with most slated to open in California.
 

February 1, 2013
The Home Depot prepares for phase-out of penney in Canada

The Home Depot Canada has joined other Canadian retailers in complying with the government's planned phase out of the penny.

Toronto -- The Home Depot Canada has joined other Canadian retailers in complying with the government's planned phase out of the penny.

However, the retailer noted that many Canadians were unaware of the phase-out, and wanted to ensure its customers that it is doing its best to inform them of the change. As of Feb. 4, the penny will no longer be in circulation.

January 30, 2013
Most Canadian retailers ready for penny phase-out

Most retailers in Canada are ready for a phase-out of one-cent coins, a national retailing trade group said.

Toronto -- Most retailers in Canada are ready for a phase-out of one-cent coins, a national retailing trade group said Wednesday.

The Retail Council of Canada said the majority of the country's retail businesses were prepared for the disappearance of the penny and will follow the government's proposals for determining prices.

January 12, 2012
99 Cents Only Q3 sales up 11%

99 Cents Only Stores reported that total third-quarter revenue rose to $403.9 million, from $365.4 million.

Commerce, Calif. -- 99 Cents Only Stores reported Wednesday that total third-quarter revenue rose to $403.9 million, from $365.4 million.

Sales at its namesake stores grew to $393.3 million from $354.1 million a year ago, just missing Wall Street’s expected $393.6 million in revenue.

For the quarter, same-store sales rose 8.5% on higher traffic and per-visit tickets.

September 8, 2008
99 Cents Only Chain Raises Prices to 99.99 Cents

Discounter 99 Cents Only Stores Inc. said Monday it will raise its top price from...