California shoppers blame rising prices and minimum wage policies for store closures; 99 Cents Only Stores to shut down 371 shops across California, Nevada, Texas, and Arizona after facing significant challenges in the retail environment.
Key Points
California shoppers blame Governor Newsom's policies for store closures
99 Cents Only Stores closing 371 shops across four states
Challenges include COVID-19 impact, rising prices, and macroeconomic headwinds