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home / news releases / FIVE - Dollar stores weighed down by 99 Cents Only bankruptcy

FIVE - Dollar stores weighed down by 99 Cents Only bankruptcy

Five Below Inc.

2024-04-08 15:18:21 ET

Number Holdings, the parent company of discount retailer 99 Cents Only, filed for bankruptcy protection on Sunday as “significant and lasting challenges” in the retail environment have hindered the company’s ability to operate. The company cited the “unprecedented" impact from COVID, shrinkage, shifting consumer demand and persistent inflationary pressures for its decision to shut down....

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Dollar stores weighed down by 99 Cents Only bankruptcy
Stock Information
Company Name: Five Below Inc.
Stock Symbol: FIVE
Market: NASDAQ
Website: fivebelow.com
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