Drought triggers produce woes at 99 Cents

Drought triggers produce woes at 99 Cents

Higher produce prices triggered by drought conditions in California have adversely affected performance at 99 Cents Only stores, the discounter said Thursday.

The drought has affected 99 Cents’ “ability to continually stock right-priced produce,” Stephane Gonthier, CEO of 99 Cents Only, said in a release detailing the company’s second-quarter financial results. Along with costs associated with an ongoing program to revamp its sourcing capabilities, the drought has put a drag on se

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