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Things looking up at 99 Cents Only Stores
The turnaround at extreme-value retailer 99 Cents Only Stores appears to be taking hold. The retailer reported that net sales for its first quarter, ended April 28, increased 6.7% to $547.5 million, from $512.9 million in the year-ago period. Same-store sales increased 6.9%, with higher customer traffic of 4.2%, and a higher average ticket of 2.5%.