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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.
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Target to expand California footprint with two new locations
Minneapolis - Target announced plans to open new stores in Fresno and Rocklin, Calif., in March 2014.
The Fresno store will be part of the Marketplace at El Paseo shopping center. The Rocklin store will be part of the Rocklin Commons shopping center.
The Fresno Northwest store will be approximately 140,000 sq. ft.