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99 Cents Only Stores
99 Cents Only chain lays off 160 workers
99 Cents Only chain lays off 160 workers

99 Cents Only Stores Inc. has laid off about 160 workers as the company sought to streamline costs and stay competitive. No stores will be closed and no employers or managers at any of the chain's 332 stores were affected in Tuesday's move, according to 99 Cents Only spokeswoman Maya Pogoda. She said the layoffs represented a tiny fraction of the company's workforce of 14,000. The City of Commerce chain also pulled advertising from the Los Angeles Times as part of an "evolving" marketing strategy, Pogoda said. PHOTOS: Best and worst countries in which to grow old In a statement, 99 Cents Only said the staff reductions were necessary to "remain...

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