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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%.
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Survey: More adults report personal data theft
Washington, D.C. – A rising percentage of online U.S. adults report experiencing breaches of their personal data. According to newly released data from the Pew Research Center, 18% of online adults have had important personal information stolen, such as their Social Security Number, credit card, or bank account information.