Simoncic will step down from his role, the company said, and Chris Wells will serve as chief restructuring officer. Bloomberg reported last week that 99 Cents was considering a bankruptcy filing. 99 Cents Only Stores - a discount chain in California, Texas, Arizona and Nevada - is winding do...
" interim company CEO Mike Simoncic said in a statement. "Unfortunately, the last several years have presented significant and lasting challenges in the retail environment, including the unprecedented impact of the COVID-19 pandemic, shifting consumer demand, rising levels of shrink, ...
The company locations across California, Texas, Arizona and Nevada. "This was an extremely difficult decision and is not the outcome we expected or hoped to achieve," said the company's interim CEO Mike Simoncic. "Unfortunately, the last several years have presented significant and lasting...
aA fifth year of failure results in planning to restructure the entire school; the plan is implemented if the school fails to hit its AYP targets for the sixth year in a row. Common options include closing the school, turning the school into a charter school, hiring a private company to ...