99 Cents Only Keeps Texas on Hold

99 Cents Only Stores said yesterday it plans to announce in early August whether it will exit its 34-unit Texas operation or implement a plan to increase profitability there.

CITY OF COMMERCE, Calif. — 99 Cents Only Stores here said yesterday it plans to announce in early August whether it will exit its 34-unit Texas operation or implement a plan to increase profitability there.

In the seven weeks since Easter, those stores have shown same-store sales increases of 20% because of improved merchandising and strong word-of-mouth, Eric Schiffer, chief executive officer, said in a conference call.

For the fourth quarter, which ended March 28, net

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