A Los Angeles fixture, the 99 Cent Only Store, will be raising prices on some items, voiding their long-standing slogan of "Nothing Over 99 Cent, Ever," and breaking the hearts of some 99-Cent loyalists.
The chain, which opened in the Westchester section of Los Angeles exactly 26 years ago Wednesday, said the business lost about $1.5 million last quarter.
With rising costs and the sluggish economy, the store said it is forced to raise some prices, KNBC's Doug Kriegel reported.
I was helped along the path to cynicism when, as a child, I discovered that not everything at the five and dime (which, for some reason, we called "the dime store") cost just 5 or 10 cents. Some things were even over $1.