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Net sales at 99 Cents drop in shortened fiscal 2014
99 Cents Only recently changed its fiscal year from the Saturday closest to the end of March, to the Friday closest to the end of January, to be in line with its retail industry peers. But during the shortened fiscal year consisting of 44 weeks, from March 31, 2013 to Jan. 31, the company widened its net loss.
Total net sales were $1.53 billion, down 8% from $1.66 billion. Same-store sales rose 3.7%.
