Eric Schiffer And The 99 Cents Only Stores
Mr. Eric Schiffer started working for the 99 Cents Only Stores in the year of 1991 and ever since that year, the company has been able to further thrive. The founder of the said firm was said to be really happy because of the fact that he is seeing enhancement with the business that he started years ago. His efforts were not left unnoticed as he was promoted as president after working for over 9 years in the company. He received the President position in the year 2000. Five years after that, which was on January 1, 2005 he became the CEO or the Chief Executive Officer of the company. Mr. Schiffer didn’t only focused on working for the company itself but he also spent his free time as a venture capitalist for a venture capital firm known as the Oxford Partners from the year 1987 up to the year 1991.
Mr. Schiffer received his Bachelor of Science Degree in Engineering from the Duke University. He later on went to get an MBA from the Harvard Business School. The 99 Cents Only Stores are focused on the retailing of basic and consumable general type merchandise. The stores of the company’s provisions all of their customers a various selection of consumer goods like closeout merchandises and many more but still maintaining product quality. Mr. Eric Schiffer has obviously seen that the company has great potential of being one of the best there is because of what it can offer: the merchandise sold by the 99 Cents Only Stores are priced below the maximum range of 99.99 cents per item.
Statistics show that as of April 2, 2011 the company has been able to build and properly operate 285 retail stores having 211 branches in the state of California, 27 in Arizona, 35 in Texas and 12 in Nevada. It is the leading retailer of the primarily available consumable general merchandise. The stores of the company offer their customers with an assortment of countless consumer goods, closeout merchandise, as well as a variety of quality products with great discount from standard retail prices.
Products or items that are sold by the company’s 99 Cents Only Stores Branches price range is constantly below 99.99 Cents per item. In the month of April 2, 2011 the Company has been reportedly operated over 285 retail stores in the country. In the state of Texas the company has built 35 branches there wherein there are 211 branches in the state of California, 27 branches in the state of Arizona and 12 branches in the state of Nevada and with Mr. Eric Schiffer on their side, they would probably open some more in the upcoming years.
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