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99 Cents Only same-store sales up 6.7% in Q2
Commerce, Calif. -- 99 Cents Only Stores reported Friday that same-store sales for the second quarter rose 6.7%. The news comes just days after the discounter agreed to a $1.6 billion buyout by private equity firm Ares Management LLC and the Canada Pension Plan Investment Board.
Total revenue for the quarter ended Oct. 1 rose 8.8% to $363 million.
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Report: Amazon tests delivery lockers in stores in Seattle and New York
New York City -- Amazon is testing robotic delivery lockers that people can use to receive items they order from the website, according to published reports.
Wired magazine reported online that the company was conducting the tests in Seattle and New York at Rite Aid and 7-Eleven stores, as well as other locations. The new service would allow people to select a locker location for delivery and then go to retrieve their items automatically using a six-digit code.