99 Cents Only Stores Shopping For A Rodeo Drive Location


BEVERLY HILLS (CBSLA.com) — Could “I got it for just 99 cents!” ever become a phrase uttered proudly on Rodeo Drive in Beverly Hills?

Executives of the 99 Cents Only Stores Inc. think so. They say they’ve had customers driving from Beverly Hills to shop at their discount stores, asking for a Beverly Hills location, according to the Los Angeles Times.

“We are confident a Rodeo Drive store will be successful because our stores do well in affluent areas; in fact, our highest sales volume is located only a few blocks from Beverly Hills on Wilshire Boulevard,” CEO Eric Schiffer said in a statement.

Last year, the Wilshire store made $12 million in sales, compared to $5.2 million for an average store, the Times reported.

99 Cents Only Stores has 222 stores in California.

Comments

Leave a Reply

Please log in using one of these methods to post your comment:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From CBS Los Angeles

KNX 1070 Newsradio
Play.It

Listen Live