99 Cents Only sales drop in shortened year

99 Cents Only sales drop in shortened year

99 Cents Only Stores, Los Angeles, said its net loss increased while sales declined for the fiscal year that ended Jan. 31 — a 10-month, 44-week year compared with a full 52-week year.

The company said it changed its fiscal year-end date from the Saturday closest to the end of March to the Friday closest to the end of January to be in line with its retail peers.

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