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99 Cents Only Stores corporate officials announced last week that all locations of the discount retailer will be shutting down this year, including the store in central Livermore.
The specific closure date remains unclear for the store at 1490 Railroad Ave., which remained open for business with no closure signage as of Friday (April 5). It is the lone 99 Cents Only location in the Tri-Valley.
Outgoing Interim CEO Mike Simoncic confirmed in a nationwide press release on April 4 that the company has opted for winding down business operations and liquidating all merchandise at all 371 store locations in the United States, despite efforts to seek other paths amid severe financial difficulties in recent years.
“This was an extremely difficult decision and is not the outcome we expected or hoped to achieve,” Simoncic said.
“Unfortunately, the last several years have presented significant and lasting challenges in the retail environment, including the unprecedented impact of the COVID-19 pandemic, shifting consumer demand, rising levels of shrink, persistent inflationary pressures and other macroeconomic headwinds, all of which have greatly hindered the company’s ability to operate,” he added. “We deeply appreciate the dedicated employees, customers, partners, and communities who have collectively supported 99 Cents Only Stores for decades.”
The Livermore store opened in the shopping center on Railroad Avenue between the East Stanley Boulevard transition and North P Street in August 2017, according to a press release at the time.
Editor’s note: Reporter Nicole Gonzales contributed to this story.
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