When you think of holiday shopping, the least enjoyable is getting bumped by crowds of people, right? Brett A.S. Martin, a professor at Queensland University of Technology Business School in Australia, definitely knows this, since he believes congestion is actually caused by store owners filling their aisles to the brim with as many products as possible.
99 Cents Only Stores Inc. said Tuesday it had agreed to a $1.6 billion buyout from Los Angeles private equity firm Ares Management and the Canada Pension Plan Investment Board.
The chain, founded in 1982, operates 289 stores in California, Texas, Arizona and Nevada, and was a pioneer of the single-price retail concept. Such low-priced stores have become increasingly popular with consumers in the y