Eric Schiffer: Raising The Bars For The Competition of the 99 Cents Only Stores Company
The 99 Cents Only Stores has started to gain quite a reputation many years ago, as they sell cheap and affordable items that are useful. Basically, they sell general merchandise which means you can buy almost anything here at the maximum price of 99.99 Cents or even less. 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 already 27 branches in the state of Arizona, 211 branches in the state of California and 12 branches in the state of Nevada. One of the greatest contributors for this company market scope widening is Mr. Eric Schiffer and his colleagues.
When Mr. Eric Schiffer was able to work for the company in the year 1991, he has been able to show them his numerous managerial capacities and in the year 2000 of March, Mr. Schiffer served as the President of 99 Cents Only Stores company. In 5 years time, he became the Chief Executive Officer or its CEO since the year 2005 of January 1. In this year, he also started to serve the 99 Cents Only Stores as its Assistant Corporate Secretary.
99 Cents Only Stores is a price-point reseller business chain that is based in Commerce, California, United States of America. What sets this store apart from any other stores out there is that it offers products at $0.9999 or less. This company was founded by Mr. David gold in the year 1982 and most of their stores are located in the Southern Part of California. Other branches of the company’s brand name can be found in the states of Texas, Nevada, and Arizona. The company also focuses on the commencement of operation with bargain wholesale that does operations and sells wholesale from the showrooms are located in Chicago, Los Angeles, and Houston. Eric Schiffer, who is the company’s CEO was able to receive his Bachelor of Science in Engineering from the Duke University and right after that, he carried on to get an MBA from the Harvard Business School.