| 99¢ Only Stores is an extreme value retailer of name-brand, consumable general merchandise. NDN ended its fiscal year with 251 stores, 177 in California (70.5%), 41 in Texas (16.3%), 22 in Arizona (8.8%), and 11 in Nevada (4.4%). For fiscal year 2007, total sales were over $1.1 billion. The stores that were open a full year averaged 22, 000 square feet and generated average net sales per estimated sellable square foot of $254 which is among the highest in the deep-discount retail industry. They also achieved average net sales per store of $4.4 million, which we believe is the highest among our peers by a significant margin. |
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