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Top 10 Stories of the First Half of 2013
Having past the calendar’s mid-point, we thought it would be interesting to take a look at the most viewed stories of the year to date on ChainStoreAge.com. (Based on the results, the ongoing saga of J.C. Penney remains the industry's biggest story.) Here are the Top 10 stories of the first six months:
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99 Cents Only cleaning up inventory accounting
For the second time in the past six years, 99 Cents Only said it was unable to file its annual report within the timeframe specified by the Securities and Exchange Commission.
The company’s annual report on form 10-K for its fiscal year ended March 30 was due at the SEC no later than June 28. However, because of a range of inventory valuation issues identified by auditors and a new CFO, the company said it was unable to file the report without unreasonable effort or expense. The company did not indicate when it planned to file the report other than as soon as practicable.