"Lost $4 Billion" - $.99 Cents Stores Close 371 Locations Nationwide Due To Crime & Inflation

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  • čas přidán 8. 04. 2024
  • Patrick Bet-David, Adam Sosnick, Tom Ellsworth, and Vincent Oshana discuss 99 Cents Only Stores closing nationwide due to theft and inflation.
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    Patrick Bet-David is the founder and CEO of Valuetainment Media. He is the author of the #1 Wall Street Journal Bestseller “Your Next Five Moves” (Simon & Schuster) and a father of 2 boys and 2 girls. He currently resides in Ft. Lauderdale, Florida.
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Komentáře • 1,8K

  • @shanerob5414
    @shanerob5414 Před měsícem +971

    150 billion for Ukraine.... Every time I hear about a financial loss in the United States, my first thought is 150 billion for Ukraine. Absolute insanity.

    • @Ndw1995
      @Ndw1995 Před měsícem

      Don’t forget the other country that has a religious book that permits them to do all kinds of evil, & hides behind the title of “chosen”

    • @dantheman909
      @dantheman909 Před měsícem +33

      Most of that is spent on purchasing supplies and equipment from the US, so it's not like they just handed them a bag.

    • @krys-anne
      @krys-anne Před měsícem +40

      I totally do, too; that kinda money is absolutely mind-blowing! That's like every single American paying almost $500 towards their war. 🤯

    • @franciscolora8772
      @franciscolora8772 Před měsícem +19

      Absolutely right is a joke.

    • @shannysunshine8389
      @shannysunshine8389 Před měsícem +35

      Yep and in the democrat pockets!

  • @destroygaryfunky7053
    @destroygaryfunky7053 Před měsícem +93

    Im old enough to remember when stealing actually was a crime.

    • @troy.peters
      @troy.peters Před měsícem +6

      I'm old enough to remember the 5c & dime store

    • @tocadadj2951
      @tocadadj2951 Před měsícem

      Oh god. Go steal then see if you dont go to jail. And are you saying police aint doing there jobs?

    • @stevensica5918
      @stevensica5918 Před měsícem +2

      It still is. The amount of rime is overwhelming and LE just cannot keep up with it.

    • @stoundingresults
      @stoundingresults Před měsícem +1

      I'm old enough to remember getting an ass whooping by mom and dad for even thinking about stealing, actually all I had to do was ask my parents for stuff like candies or the toys at the grocery stores

    • @selfself8813
      @selfself8813 Před měsícem

      Biden’s America makes crime legitimate!

  • @charlottedale1111
    @charlottedale1111 Před měsícem +1145

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      @tomaszcz_k Před měsícem +3

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      @charlottedale1111 Před měsícem +2

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  • @Andres_853
    @Andres_853 Před měsícem +479

    This makes you think about how external factors like crime and inflation can really impact businesses, even ones as big as $.99 Cents Stores.

    • @Linda.xing-tj2fh
      @Linda.xing-tj2fh Před měsícem +10

      And let's not forget the impact of crime. Not only does it directly affect the safety of customers and employees, but it also adds additional costs for security measures, further squeezing already tight margins.

    • @Bigwilli123
      @Bigwilli123 Před měsícem +6

      It's a tough situation all around. With inflation eating into profits and crime increasing operational expenses, it's no wonder they're facing such significant challenges.

    • @V.stones
      @V.stones Před měsícem +3

      Perhaps they could have diversified their revenue streams or invested more heavily in technology to improve efficiency and security measures.

    • @roseylumber
      @roseylumber Před měsícem +1

      Seeking advice from financial experts could have provided them with strategies to better navigate these turbulent economic times.

    • @roseylumber
      @roseylumber Před měsícem +1

      A firm like Folmar Advisory could have offered insights into how to adapt their business model to better withstand the impacts of inflation and crime, ultimately helping them mitigate losses and sustain profitability.

  • @dublinoseven3279
    @dublinoseven3279 Před měsícem +321

    Imagine a store you can steal 900 items from and not be charged.

    • @Zambobazle
      @Zambobazle Před měsícem +2

      It’s the .99 cent store its only a misdemeanor if it’s under 1000$ stolwn

    • @Zambobazle
      @Zambobazle Před měsícem +3

      *STOLEN

    • @dublinoseven3279
      @dublinoseven3279 Před měsícem +26

      @@Zambobazle That’s the point of the original post.

    • @jacqueslee2592
      @jacqueslee2592 Před měsícem

      Sears did not get as much headline as 99 cents store closure and bankruptcy. The reason is because this is symbolic of the true economic situation in the US and what the cabal has always waged economic warfare on the poor and middle class. Socialism for the rich, but social darwinist capitalism for the poor.

    • @Jojo-uw9rj
      @Jojo-uw9rj Před měsícem +11

      One time I actually saw the police stop someone but guess what? They just counted the items! I guess it wasn’t more than $900 because they let the guy go 🫠

  • @morganalexia
    @morganalexia Před měsícem +176

    I literally LIVED off of that store when I lived in Burbank. So sad. So many of us did.

    • @mgtowski395
      @mgtowski395 Před měsícem +13

      Burbank was stocked with good stuff.

    • @AndyonBlast
      @AndyonBlast Před měsícem +1

      Still do

    • @jamescalifornia2964
      @jamescalifornia2964 Před měsícem +1

      Nice city in S. California . Hope it stays that way ... 😊👌

    • @williamstamper442
      @williamstamper442 Před měsícem +5

      If you still live in Cali and required to "live" off the dollar stores, don't you think it's time to move out of state? We are hurting financially all over this once great country, but I'll bet you a dollar it's far worse in California than it is in, let's say Louisiana... I'm not pretending to have all the answers here, I'm just trying to raise talking points.

    • @barbaradowda7236
      @barbaradowda7236 Před měsícem +2

      Burbank here , use to be a clean city and now it’s getting like north Hollywood

  • @RandyBaumery
    @RandyBaumery Před měsícem +41

    Shoplifting hurts us all.

    • @ArtIsDrawing
      @ArtIsDrawing Před měsícem

      This is what you get when you normalize and worship criminals!!!

  • @user-gl9iz1bp1r
    @user-gl9iz1bp1r Před měsícem +12

    This is by design. Wake up. Awareness buys you time, time buys you options - until it doesn’t. Stay awake, aware, and prepared.

  • @markothesharko
    @markothesharko Před měsícem +188

    SO sad. When my wife and I were raising two kids and taking care of her elderly mom on a youth pastor pay, we ate countless meals on killer deals from that chain that cost us just five bucks or so. Hundreds of thousands of poor people are gonna have more trouble feeding their families now.

    • @hanfucolorful9656
      @hanfucolorful9656 Před měsícem

      The US gov't killed these stores. Without the 25% tariffs on Made in China, these companies would have a 25% profit margin, it is NOT theft and inflation, but the tariff on China that killed these stores. Chinese workers also lose jobs

    • @AndyonBlast
      @AndyonBlast Před měsícem +6

      You can sell your private jet and help

    • @jbo3536
      @jbo3536 Před měsícem +6

      Dems love it

    • @stevensica5918
      @stevensica5918 Před měsícem

      Not to worry - the 'Hod and El Barrio guys will just seal more.

    • @Mr_Don1
      @Mr_Don1 Před měsícem +13

      That's exactly the point. One side of the political spectrum LOVES it when people struggle because struggling people vote for the people who say they're going to give them this or that. They don't deliver on those promises, but that doesn't matter. The only thing that matters is garnering votes based on those promises. The politicians keep obtaining power and making money, while the struggling people keep voting for empty promises. It's a sick, endless cycle that naive and uninformed people will continue to fall victim to.

  • @tigernorm713
    @tigernorm713 Před měsícem +218

    That theft rate is shameful

    • @hanfucolorful9656
      @hanfucolorful9656 Před měsícem

      The US gov't killed these stores. Without the 25% tariffs on Made in China, these companies would have a 25% profit margin, it is NOT theft and inflation, but the tariff on China that killed these stores.

    • @Mythoughtonpoliticaltopics
      @Mythoughtonpoliticaltopics Před měsícem

      Yes it is . But the government is stealing as well both parties so if the head is not right the bottom is not right.

    • @jacqueslee2592
      @jacqueslee2592 Před měsícem

      Sears did not get as much headline as 99 cents store closure and bankruptcy. The reason is because this is symbolic of the true economic situation in the US and what the cabal has always waged economic warfare on the poor and middle class. Socialism for the rich, but social darwinist capitalism for the poor. Propaganda from right wing pundits.

    • @albertawheat6832
      @albertawheat6832 Před měsícem +4

      Who in the heck is stealing from the dollar store ? They will get nothing for their efforts, when they re-sale it. Strange eh ?

    • @tigernorm713
      @tigernorm713 Před měsícem

      @albertawheat6832 yeah good point. That's how hard the chain store was being hit. Margins are no doubt tight and the degenerates have to steal loads to make anything

  • @ggfelix9029
    @ggfelix9029 Před měsícem +7

    I'm gonna miss the 99c store. That store helped me raise my 3 children as a single mom. My heart goes out to the hundred of thousands of folk that survived by buying their meals and sundries there. Hopefully someone will create a new lowcost store for us.
    Thanks for covering this...

  • @KarenLavia
    @KarenLavia Před měsícem +331

    We Are in Unchartered Financial Waters! every day we encounter challenges that have become the new standard. Although we previously perceived it as a crisis, we now acknowledge it as the new normal and must adapt accordingly. Given the current economic difficulties that the country is experiencing in 2024, how can we enhance our earnings during this period of adjustment? I cannot let my $680,000 savings vanish after putting in so much effort to accumulate them.

    • @EddyAgnes-vy4kp
      @EddyAgnes-vy4kp Před měsícem +2

      Keeping some gold is usually a wise decision. You would be better off keeping away from equities for a bit or, even better, seeking advice from an expert given the current market conditions and everything that is at risk with the current economy.

    • @nicolasbenson009
      @nicolasbenson009 Před měsícem +2

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      @SandraDave. Před měsícem +2

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  • @chrisellis1207
    @chrisellis1207 Před měsícem +50

    Here in Japan, the ¥100 or $1 stores need to constantly innovate. They have $3 sections and $5 section, but the key market is ¥100 which with todays exchange rate is $1.50. They are amazingly good, but they do not have any shoplifting, theft, or social mob issues. The business model is sound in Asia, but shoplifters go to jail when convicted. This is social issue, not a profitability issue.

    • @francesbrown5116
      @francesbrown5116 Před měsícem

      Not yet .

    • @GORILLA_PIMP
      @GORILLA_PIMP Před měsícem +2

      What exactly is "amazingly good" about the dollar stores in japan?
      Id like to hear all about them from you

    • @madelineharkins5643
      @madelineharkins5643 Před měsícem

      True that! This is one effed up administration !

    • @gintoki2000
      @gintoki2000 Před měsícem +2

      You got that backwards. $1usd is about 150yen so 100 yen is about 0.66 USD.

    • @chinaboss6683
      @chinaboss6683 Před měsícem +1

      99% conviction rate is the best policy.

  • @BeetleBro978
    @BeetleBro978 Před měsícem +101

    Who the hell is doing flash mob robberies for 99 cent stores. This is a new low

    • @twothreefour234
      @twothreefour234 Před měsícem +27

      It's not about need. It's about destroying what others have.

    • @AndyonBlast
      @AndyonBlast Před měsícem +2

      All that candy man you trippin

    • @FJB2020
      @FJB2020 Před měsícem +13

      who do you think is doing it???

    • @HiddenAgendas
      @HiddenAgendas Před měsícem +16

      blks

    • @damegto
      @damegto Před měsícem +3

      @@theImpaler710true poet 😅

  • @ArnCital
    @ArnCital Před měsícem +35

    Too many, if not all, black pastorsI have seen have complained loudly about the loss of these stores in their neighborhood but NOT one of these pastors will stand guard at the store's door and deny their 'people' the right to steal.

    • @desolder75
      @desolder75 Před měsícem +16

      99 Cent are one of the FEW stores that sell fresh fruits and veggies in the hood. These same people complain about “food deserts”, but drive businesses away with higher minimum wages and rampant theft. I don’t have sympathy for these jerks any more.

    • @user-je8fz3oh3k
      @user-je8fz3oh3k Před měsícem

      @@desolder75 Exactly. This is an education problem. If you want to fix the hood if it is even possible cause blacks are not the only race that has a hood. It is about having means and pushing for education for better jobs. People want the community to work together but our leaders do not even work together for the better of this country and humanity in general.

    • @ryanusa860
      @ryanusa860 Před měsícem

      They do the same thing in Africa. As soon as a hospital is stocked with supplies it gets looted. Then they wonder why the healthcare sucks. Humans have flourished due to our ability to cooperate in large groups. Lesser species, such as chimps, operate in small tribes and lack the ability to think ahead. Imagine 1,000 chimps locked in a stadium? It would be mayhem. Violence, theft, etc. Think the Superdome during hurricane Katrina. Some people just can't function in a civilized society.

    • @lenblack1462
      @lenblack1462 Před měsícem +1

      Not a Pastor's job dude.

  • @jaredwarner2451
    @jaredwarner2451 Před měsícem +43

    I remember people arguing when I told them it couldn’t be 99 cents only forever.
    They had on their wall “Nothing over 99 cents EVER”.

    • @headlibrarian1996
      @headlibrarian1996 Před měsícem +4

      Five and dime stores used to be ubiquitous. They became 5 and 10 dollar stores because of inflation. Still didn’t save them from bankruptcy, and now such stores are very rare.

    • @CatholicTraditional
      @CatholicTraditional Před měsícem

      At least the Dollar Tree is now the $1.25 🌳. They now have a + section with $3-5 items because they’re losing money. I go to Five Below and they actually have decent stuff. (I thought it was a sub-zero winter store when I first heard of it!😊)

    • @trailnut6002
      @trailnut6002 Před měsícem +1

      What are you talking about? They started selling stuff over 99 cents like 8 years ago.

  • @thatwasprettyneat
    @thatwasprettyneat Před měsícem +26

    I love Tom because you can tell there's a rage that's constantly bubbling under the surface that he's struggling to maintain.

  • @jefftaylor844
    @jefftaylor844 Před měsícem +114

    Soon, it will be called 5 Dollar Store !

  • @M3LTUP
    @M3LTUP Před měsícem +12

    There is no prosecution any more for retail theft. Its a free for all. I dont see how any Business can operate with a forced $20/wage and rampant theft.

  • @Born2DoubleUp
    @Born2DoubleUp Před měsícem +5

    I called it a while back... stores are going to switch to online only and you won't even be able to walk into a store. don't have to pay cashiers, don't have to lease property, don't have to get the product shipped from the distribution warehouse to the stores. they would save massive amounts of money... never mind what they save from shoplifters being stopped.

  • @McVet3
    @McVet3 Před měsícem +143

    This is a tragedy. We have to stop these people in power.

    • @adeel333amjad
      @adeel333amjad Před měsícem +9

      go

    • @artisaprimus6306
      @artisaprimus6306 Před měsícem

      The solution is simple. Don't vote for soft on crime Democrats. But, the people that are affected the most, keep voting for Democrats.

    • @williamstamper442
      @williamstamper442 Před měsícem

      It's a tra-gig-ity.
      Gigity.
      The actual "tragedy" started after WW2 and the military industrial complex. We the people had no clue until this issue started rearing it's ugly head over 30 years ago, visible to anybody paying attention.

    • @UnknwnPerson_
      @UnknwnPerson_ Před měsícem +4

      @@adeel333amjad😂😂😂😂

    • @TheCyberMantis
      @TheCyberMantis Před měsícem +1

      Ask the military for help. See what happens.

  • @timhull8664
    @timhull8664 Před měsícem +39

    In the UK, the £1 stores, are called the same, but everything is £2

    • @realreviews4017
      @realreviews4017 Před měsícem +3

      ... and poundland has gone worse, though there are still some bargains considering the price of things in the UK.

  • @jrroper3515
    @jrroper3515 Před měsícem +14

    Temu! An important thing to note. Temu has taken the ‘hit or miss’ item availability issue with these dollar stores out and often offers items for cheaper. They are buying up our land. They are coming for our auto industry. We need to be self reliant.

  • @marnycoggins4535
    @marnycoggins4535 Před měsícem +20

    My ex- husband was an assistant manager with K-Mart. The manager of the store was selling pallets of products to the black market. I couldn’t believe it. And corporate thought this idiot…but come to find out? The regional manager was in on it too. I made him quit.

  • @MrKHafid
    @MrKHafid Před měsícem +141

    99¢ doesn’t get you what it once did in this economy.

    • @Thebob6
      @Thebob6 Před měsícem +5

      It’s the theft

    • @faethe000
      @faethe000 Před měsícem +8

      It never does. That's how an economy works. 100 years ago, 99 cents bought your whole family food for a week.

    • @paulena9355
      @paulena9355 Před měsícem +3

      What do you expect

    • @hrhtreeoflife4815
      @hrhtreeoflife4815 Před měsícem +5

      ​@@Thebob6😂 I think 🤔 blaming theft is ridiculous 🙄. It's basically an excuse. I know plenty of regular customers who are are poor, middle class and rich....who shopped there spending hard earnings.
      They're not thieves.

    • @sublime90
      @sublime90 Před měsícem +3

      they dont want you to be able to afford anything for $1

  • @cheaserceaser
    @cheaserceaser Před měsícem +51

    They should re-open as $9.99 store

    • @damegto
      @damegto Před měsícem +3

      Or 2.99 only 😂

  • @rudydesi
    @rudydesi Před měsícem +6

    Pat out here in so cal thefts are horrible. I was at a Ross store where 2 individuals filled bags full with goods. Manager could only watch. Car out front

    • @malachi-
      @malachi- Před měsícem

      Two "individuals." 😂
      Same old, same old.

    • @rudydesi
      @rudydesi Před měsícem

      @@malachi- what do you mean?

    • @malachi-
      @malachi- Před měsícem +1

      @@rudydesi Amish?

  • @user-kj4yg6yk6w
    @user-kj4yg6yk6w Před měsícem +314

    If you are not in the financial market space right now, you are making a huge mistake. I understand that it could be due to ignorance, but if you want to make your money work for you... prevent inflation

    • @Vbfgh-vz4si
      @Vbfgh-vz4si Před měsícem

      Thanks for continuing updates I'd rather trade the crypto market as it's more profitable. I make a good amount of money per week even though I barely trade myself.

    • @user-kj4yg6yk6w
      @user-kj4yg6yk6w Před měsícem

      A lot of people still make massive profit from the crypto market, all you really need is a relevant information and some ‹professional advice. ‹it's totally inappropriate for investors to hang on while suffering from dip during significant

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      @Vbfgh-vz4si Před měsícem

      You trade also?, I

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      @user-kj4yg6yk6w Před měsícem

      No I don't trade on my own anymore, I always required help and assistance

    • @user-kj4yg6yk6w
      @user-kj4yg6yk6w Před měsícem

      From my personal financial advisor

  • @ullupdrost4740
    @ullupdrost4740 Před měsícem +19

    I would be dead of starvation without these stores back in my 20s

    • @IMurderdTheDevil
      @IMurderdTheDevil Před měsícem +7

      these store were there to help the poor, and it did.

  • @RCJH2022
    @RCJH2022 Před měsícem +364

    I drove by a .99 store in LV in 2012 and they were registering people to vote out front. My buddy said: *"What a great place to find Democrats!"* 😂😂 They keep Digging their own graves.💀

    • @1Haitian
      @1Haitian Před měsícem +8

      You ain't right 🤣😂🤣😂

    • @EnigmaticDecay
      @EnigmaticDecay Před měsícem +17

      Nobody has ever accused them of being intelligent.

    • @christopherm202dcfinest2
      @christopherm202dcfinest2 Před měsícem +12

      The poorest states are red, these stores should have been in those states. To think that trailer park and rural folks have money is crazy. Isn’t Ben Shapiro in favor of making yah work until 💀 to cut social security ?

    • @infini.tesimo
      @infini.tesimo Před měsícem +7

      Not gonna lie kinda a cheap shot at those who voted right wing only but shop there as they don't have a choice. Speaks more to the policies of consistently voting that way and nothing changes. It's almost like voting doesn't do anything about your living situation.

    • @khall187
      @khall187 Před měsícem

      ​@@christopherm202dcfinest2"poor" is inaccurate. Blue states simply have the biggest cities. And highest crime, lowest punishment for criminals, and highest taxes. "yah" not very smart, is you?

  • @sgraham4533
    @sgraham4533 Před měsícem +3

    It’s hard to imagine them loosing that much money to close. The store near me was always packed with people. Yet, even though i’ve never seen it happen at my store I’m sure it was happening. The laws in California allow theft. I feel really bad for the customers/people who relied on that store for their produce, school supplies and home products

  • @dgross2009
    @dgross2009 Před měsícem +3

    Drug stores here in Philly look like jewelry stores now. Everything is locked behind glass and you need to get a clerk with a key to buy anything.

  • @mmmitchell6887
    @mmmitchell6887 Před měsícem +31

    Shout out to your father that worked at the $.99 store for 15 years! I always appreciate the cashiers. I used to be one at Sears.

    • @selfself8813
      @selfself8813 Před měsícem

      A hard work and thankless job. I always appreciate cashiers. So sorry for the ones at the 99 cent stores. They worked so hard for so little money and now unemployment! Hope they are able to find employment sooner rather than later.

  • @alishaisner
    @alishaisner Před měsícem +89

    I love this store, this hurts the American family big time

    • @shannysunshine8389
      @shannysunshine8389 Před měsícem

      You mean it hurts the thieves?!

    • @hanfucolorful9656
      @hanfucolorful9656 Před měsícem

      The US gov't killed these stores. Without the 25% tariffs on Made in China, these companies would have a 25% profit margin, it is NOT theft and inflation, but the tariff on China that killed these stores.

    • @IMurderdTheDevil
      @IMurderdTheDevil Před měsícem +3

      @@shannysunshine8389 no! it hurts the poor.

    • @dragonage2112
      @dragonage2112 Před měsícem +1

      Only in cali. Never heard of these stores oh well you voted for them this is your return happy trails!

    • @sarailolly7138
      @sarailolly7138 Před měsícem

      ​@@IMurderdTheDevilnot really 99cent store raised thier prices. Even thier expired products cost the same as the non expired product in a normal grocery store. That store was ripping off people. It used to be a fun store but not anymore. 2 chip bags for $7. Nah 99cent store time to go. Wincos prices are better. 1.99 for big bag of chips .better deals in winco.

  • @malam4961
    @malam4961 Před měsícem +13

    Law is too comfortable for criminals

    • @NakedEyes-lm3bj
      @NakedEyes-lm3bj Před měsícem

      What laws?

    • @user-je8fz3oh3k
      @user-je8fz3oh3k Před měsícem

      Even when laws were very bad crimes were still being commited. As of right now we are living in a world where we are commited less crimes every year.

    • @malam4961
      @malam4961 Před měsícem

      @@NakedEyes-lm3bj laws in general if you look into a country that has less crimes they laws are usually way more strict than ours

    • @malam4961
      @malam4961 Před měsícem

      @@user-je8fz3oh3k yes I agree to certain extent imagine we had capital punishment for rape and murders we will have less of rape and murders it’s proven in a lot of countries

  • @jestexgarcia3601
    @jestexgarcia3601 Před měsícem +3

    Sad thing is.....they're STILL going to do nothing about crime.

  • @paulkinney7129
    @paulkinney7129 Před měsícem +39

    Look for all of the stolen items in bodegas and other stores like that

  • @Ac0ustics0ul
    @Ac0ustics0ul Před měsícem +142

    FJB

    • @ScottH.
      @ScottH. Před měsícem +4

      How mature and original.

    • @Ac0ustics0ul
      @Ac0ustics0ul Před měsícem +2

      @@ScottH. ​ mature....like the children JB is allowing to be mutilated w/ out parent's consent?

    • @dmzabo3914
      @dmzabo3914 Před měsícem +21

      @@ScottH., still hurts we see? Ok then double #fjb &fbo

    • @NastyFruit
      @NastyFruit Před měsícem +16

      @@ScottH.shut up

    • @ScottH.
      @ScottH. Před měsícem +1

      @NastyFruit another child has come to comment.

  • @ambermarlin2028
    @ambermarlin2028 Před měsícem +10

    Can you research and do a story about why China is allowed to buy farmland in America? I also have been told they are buying it near major military structures?

    • @NakedEyes-lm3bj
      @NakedEyes-lm3bj Před měsícem

      China is buying everything!
      We need to say no!!!

    • @lenblack1462
      @lenblack1462 Před měsícem +1

      China now owns most American vacuum cleaner brands under TTI Corp. such as: Hoover, Eureka, Royal and Dirt Devil. China's TTI Corp. is owned by the Peoples Revolutionary Army.

  • @ArcangelGamingEntertainment
    @ArcangelGamingEntertainment Před měsícem +2

    In Australia we used to have the $2 shop. Same concept, everything $2 or under. And they'd have a huge variety of products.
    2010-2015 they started to disappear - post covid they are gone.

  • @ecgodsmack86
    @ecgodsmack86 Před měsícem +49

    Dang. Love PBDs content he covers everything

  • @chrissmith-jh8xw
    @chrissmith-jh8xw Před měsícem +13

    I have been buying bibles at these stores in bulk for my homeless feeds in Skid Row for many years as well as snacks for the homeless. Democrat policies will continue to ruin our country. GOD Bless

    • @Sigmund1924
      @Sigmund1924 Před měsícem

      Couldn’t find a more appropriate place to sell them.😂😂 Sometimes it takes money to acquire intelligence. Note that books from Richard Dawkins or Christopher Hitchens cost a great deal more. You get what you pay for.

  • @davidderler5924
    @davidderler5924 Před měsícem +4

    There was a grocery store in Chicago I believe , that was looted so bad that every item was stolen or on the floor and damaged. Except the fruit somewhat survived and young lady filming aftermath was crying that they destroyed her means of food and products for her and her child and was absolutely distraught over it.

  • @abetterfuture4787
    @abetterfuture4787 Před měsícem +3

    Can we stop using the term "Shrinkage"? They didn't have items on the shelves which dried out and shrunk, they had stuff which was STOLEN.

  • @Poopster4U
    @Poopster4U Před měsícem +15

    America is in full retrograde.

  • @josephmorgan4108
    @josephmorgan4108 Před měsícem +20

    I hate to say it, but my business college professor joked to never compete on prices as we will never beat Walmart.

    • @BDM7
      @BDM7 Před měsícem +7

      That's not what did them in

    • @user-je8fz3oh3k
      @user-je8fz3oh3k Před měsícem +1

      @@BDM7 It is not stealing I tell you that. They are using that as an excuse. Stealing has ALWAYS BEEN THERE.

  • @ashbash1691
    @ashbash1691 Před měsícem +1

    Shout out to your Pops!! Humble beginnings🙌🏾❤️❤️

  • @codymacintyre6589
    @codymacintyre6589 Před měsícem +1

    They were gone a decade ago in Canada. They stayed open but just sell things for a few $ instead on 99 cents

  • @dhruvamarkowski7460
    @dhruvamarkowski7460 Před měsícem +147

    It never fails, the same people who yell for equality, reparations, bail reform, etc, are the same ones who make the policies, and laws, that destroy these communities, and others. It's like telling your dog to run free, while keeping it on the leash, never allowing it to actually be free....

    • @AndyonBlast
      @AndyonBlast Před měsícem +6

      Blame the blacks I see

    • @biga6856
      @biga6856 Před měsícem +9

      The insanity is there are people who want to vote for this madness for another 4 years!

    • @gabrielserrano5054
      @gabrielserrano5054 Před měsícem

      Chinese demographics are in danger so the cheap surplus is ending. Even then the theft in which liberal states try to profit from inmate facilities $30,000 per each person. There trying to build a prison state.

    • @antibull4869
      @antibull4869 Před měsícem

      @@AndyonBlastblame those who put the blacks into a position where they have to sacrifice their morals for status gain at the expense of the community.

    • @johnobrien5037
      @johnobrien5037 Před měsícem +2

      ​@@AndyonBlast OMG...please catch up.
      BTW, Harriet Tubman has been dead for a year or two.

  • @karenkramer3760
    @karenkramer3760 Před měsícem +14

    .99 has been selling some products for over .99 for a few years now.

  • @garettanderson6772
    @garettanderson6772 Před měsícem +3

    These shoplifters are going to hurt all of us in more ways than just the price going up. They need to be dealt with extreme prejudice.

  • @davidblick2192
    @davidblick2192 Před měsícem +11

    More democrat lawlessness.

    • @user-je8fz3oh3k
      @user-je8fz3oh3k Před měsícem

      What lawlessness? You do know they did not remove any laws right?

  • @rustyp5810
    @rustyp5810 Před měsícem +9

    It's the culture of poor people...I used to have to have an apartment building, and thieves used to pry the coin box of the washer / dryer....the take is usually 30 to 40 dollars....used to cost me 200 dollars to fix the coinbox...nobody cared..

    • @bobfaam5215
      @bobfaam5215 Před měsícem +4

      Of 🏀🏀 people . Specifically .

  • @mikeyg1776
    @mikeyg1776 Před měsícem +16

    All homeowners about to get heavy taxation for spring and fall.

    • @IMurderdTheDevil
      @IMurderdTheDevil Před měsícem

      not just home owners, the more you make the more you pay for electricity.

  • @truelies3690
    @truelies3690 Před měsícem +1

    In the 1990's, i bought the 99 minutes telephone card for 99¢ at my local 99¢ only store when it just opened in Henderson NV. And everything then was just 99¢ in that store. End of an era. The booming 1990' were great. Never to return again.

  • @Lumi_xoxo2
    @Lumi_xoxo2 Před měsícem +46

    This is all intentional

    • @malachi-
      @malachi- Před měsícem

      When hasn't it been?

  • @TheShoopdaddy
    @TheShoopdaddy Před měsícem +23

    I’m sure the $20 minimum wage increase for a business like .99 store was the nail in the coffin.

    • @nicelagirl
      @nicelagirl Před měsícem +8

      The $20 minimum wage in California only applies to fast food restaurants. Those workers at the 99 Cent Store didn't get an increase.

    • @IMurderdTheDevil
      @IMurderdTheDevil Před měsícem +1

      only restaurants.

    • @Bruv009
      @Bruv009 Před měsícem +2

      Bro is Restarted

  • @joshuamundt1426
    @joshuamundt1426 Před měsícem +7

    Told my youngest adult daughter about this and her first response was "mom, what's going to happen to those who can't afford regular grocery stores"? I am bias of course but we need more people like her. Glad to see the CEO of Pick and Save trying to do something about it.

    • @Dave-cf4vd
      @Dave-cf4vd Před měsícem

      Tell her the truth: they eat at McDonalds.

    • @emailuser8668
      @emailuser8668 Před měsícem

      Unlikely that the former CEO of Big Lots Mark Miller will be able to raise the money from banks, venture capital, hedge funds or private investors. 99 cent stores was sold to a private equity firm in 2011 for $1.6 billion so in 2024 it would probably take at least $400 million just to buy the California stores plus $100 million to operate them in the first year, but that's not even looking at the debt which could kill any deal. To raise that money would be impossible in a business environment where no one wants to fund brick & mortar retail, too many have failed in the last three years due to high inflation, supply chain problems, gigantic shoplifting.

  • @laralu8641
    @laralu8641 Před měsícem +7

    this is my Favorite store. Im so upset. Thanks Biden

  • @ignazs.5816
    @ignazs.5816 Před měsícem +4

    After 2020, I noticed I wouldn't go to a 99 cent store without seeing robberies every time. While this contributes to their closure, it was failed to be menfioned that the 99 cent chain was bought out by hedge funds and mismanaged similarly to Sears and Kmart, with the intention to profit and then close them down.

  • @HenryOManly
    @HenryOManly Před měsícem +40

    But paying off student loans will totally help the economy 😡... That move is gonna backfire so hard.

    • @user-ts7ns7bt2v
      @user-ts7ns7bt2v Před měsícem +4

      They buy new cars . They go on vacation.

    • @mikikiki
      @mikikiki Před měsícem +1

      How?

    • @HenryOManly
      @HenryOManly Před měsícem

      @@mikikiki I was being facetious, we already have a big problem with inflation

    • @rogerbennett2025
      @rogerbennett2025 Před měsícem +3

      yah its going to go straight to the Banks ... the top 1% rich people

    • @HenryOManly
      @HenryOManly Před měsícem

      @@rogerbennett2025 and people blessed enough to get an education paid for by people who couldn't

  • @KapitalP73
    @KapitalP73 Před měsícem +16

    A Snickers bar was $.25 in Houston, TX in 1982.

    • @chetsjug
      @chetsjug Před měsícem +4

      I remember candy bars for 5 cents in 1971. One day I went in and the girl said 7 cents the 10 years old that was my introduction to inflation LOL that was in Southern California

    • @NatPat-yj2or
      @NatPat-yj2or Před měsícem

      It's now 11% smaller than it was in 2019, and the price is now $1.59. In 2019 it was 89 cents. In 2016 it was 89 cents. In 2010 it was 79 cents. In 2000 it was 69 cents. (I like Snickers if you can't tell). This means the price has gone up more in 4 years of the r*****d Biden Kid***er, than it has under 4 years of Trump, 8 years of Obama, 8 years of Bush and 8 years of Clinton... C O M B I N E D ....And millions of people will vote for Biden again. God save us all.

    • @conchobar
      @conchobar Před měsícem +1

      In Detroit, candybars were $0.40 in 1982.

    • @FJB2020
      @FJB2020 Před měsícem +4

      They were under $1 less than 10 years ago... Now they are $2.79 or so...

    • @GORILLA_PIMP
      @GORILLA_PIMP Před měsícem +2

      What's really crazy is how you can actually remember that

  • @ericmarshall8097
    @ericmarshall8097 Před měsícem +1

    As a dollar store manager we have to charge $1.75 and the thefts (shrinkage) is a daily constant. Just had one 30 mins ago.

  • @bricks4kidztrivalleyeastba960
    @bricks4kidztrivalleyeastba960 Před měsícem +4

    5 Below doesn’t open stores in certain areas for a reason.

  • @barkerlandar
    @barkerlandar Před měsícem +7

    Wage increases will end the restaurants and theft and lack of work force will end retail

    • @user-je8fz3oh3k
      @user-je8fz3oh3k Před měsícem +1

      What is the problem with wage increases? Minimum wage has not be changed since July 24, 2009. So it is ok for inflation to do its thing but wage increase is a NO NO?

  • @chuckieg8523
    @chuckieg8523 Před měsícem +5

    Same reason that McDonald’s had to get rid of the $1.00 value menu many years ago

  • @tuomasholo
    @tuomasholo Před měsícem +7

    I went into a 99 cent store with my daughter to buy school supplies and saw someone shoplifting baskets of items. We were shocked at how brazen thieves have become.

    • @mkjohnson7826
      @mkjohnson7826 Před měsícem +1

      Because the liberal judges are letting them get by with it.
      And a lot of judges are in office because of financial back from people that hate America.
      Like George Soros and his Knotzeeeee buddy Klaus Schwab.
      Siris is on video from an old interview saying he hated America snd wants to bring us down.
      Schwab is on video saying he has placed people in politics all over the world.

  • @mochiebellina8190
    @mochiebellina8190 Před měsícem +1

    A one time Woolworths and Newberrys were 5 and 10 cent stores. Ive researched, the inflation since 1860 is 3700 PERcent. The dollars has lost its value by 37 times

  • @mattwilhite1532
    @mattwilhite1532 Před měsícem +30

    How much of inflation is from stealing. Theses companies are losing their ass and are passing it on to consumers. FJB

    • @user-je8fz3oh3k
      @user-je8fz3oh3k Před měsícem

      How is stealing the DEMS fault? Yeah you might say about the laws but the laws are still there. If they get caught they will have to pay a fine now instead of a felony. You do know when it was a felony they were people still stealing. No LAW will make people stop from stealing in stores.

  • @poodlescone9700
    @poodlescone9700 Před měsícem +18

    These stores were able to survive other instances of inflation. I suspect the mention of inflation is to cover the fact that these stores were being robbed into bankruptcy. Their small margins can not absorb rampant theft.

    • @hondacbx1975
      @hondacbx1975 Před měsícem +2

      High lease too

    • @ericjones3692
      @ericjones3692 Před měsícem +2

      Inflation probably contributes to higher thefts, but inflation is the primary problem they are facing, customers can't find a good deal at their stores ant longer, they go elsewhere, and their rents increase, and with the recession we have been in for the last 2-3 years, people are just spending less.

  • @bchoc66
    @bchoc66 Před měsícem +1

    I live right across the street from one. Gonna miss ours. Last couple years, came through solid .

  • @rollinia7770
    @rollinia7770 Před měsícem

    I was there this morning, and the employees there told me they would close in June, and meanwhile, they are still stocking up the supplies that most people and employees brought.

  • @CarieSaad
    @CarieSaad Před měsícem +22

    I haven't seen a 99 cent store in a looooong time.

  • @JizMafia
    @JizMafia Před měsícem +8

    The audio is not in sync with the video… There’s a 2 second delay

  • @leeharris8102
    @leeharris8102 Před měsícem +2

    UK here.. we had Pound land.. everything was £1. it was like that i think till about 2010 ish!! they have shut and the other shop Pound Stretcher was say 80% £1 items and then other things more but, still cheaper than anywhere else. then the £1 stuff went and things like out of date crisps and cereal, they started asking for nearly as much as they are new.. deffo more than say ASDA's own brand or Tesco. dunno what you have in America..

  • @LadyDi90210
    @LadyDi90210 Před měsícem

    This affects our seniors and single moms out here trying to keep up with this inflation! These stores are staples in the communities.

  • @sellsformoola
    @sellsformoola Před měsícem +6

    Dollar stores are going out of business as well.

  • @lovemoves3312
    @lovemoves3312 Před měsícem +20

    Thank you PBD for squaring up Adam about a dollar store only having $200 in the register. They’re taking in Billion$. Dollar 💵 at a time….

    • @jeansullivan3869
      @jeansullivan3869 Před měsícem +1

      Yes but in the one I frequently went to it was mostly credit cards and EBT so I'm not sure how much cash they had on hand. They actually discouraged cash because they were robbed , often. Very sad. I loved that store

    • @Mike-jf5ip
      @Mike-jf5ip Před měsícem +1

      Ebt

    • @lovemoves3312
      @lovemoves3312 Před měsícem

      @@jeansullivan3869 gotcha 👍🏽 that makes sense

    • @lovemoves3312
      @lovemoves3312 Před měsícem

      @@Mike-jf5ip o yeah that part lol. You’re right 👍🏽

  • @morskisrle
    @morskisrle Před měsícem +1

    In the Netherlands a similar shop went bankrupt. An irony ia that a cheapest or one of cheapest shops cannot attract enough customers.

  • @frankysalazar6857
    @frankysalazar6857 Před měsícem +1

    Damn, I never got the opportunity to visit one. Always wondered what kind of products they had.

  • @diananoonen2262
    @diananoonen2262 Před měsícem +32

    This is all intentional!

    • @sgtslaughter573
      @sgtslaughter573 Před měsícem +1

      Yea of course it is the politicians intentionally destroying our economy and country open borders = illegal drugs and more ppl and more housing being built daily= inflation and you got senators on 245k a year salary money laundering retiring almost billionaires while steady raising taxes for ordinary ppl

    • @jonrobbin170
      @jonrobbin170 Před měsícem +5

      Yes it is

    • @LeileeBaker805
      @LeileeBaker805 Před měsícem

      Crazy😑

  • @donh1572
    @donh1572 Před měsícem +4

    This will only get worse no matter who is in office. We are at the point of no return on Inflation.

    • @honestfriend767
      @honestfriend767 Před měsícem +2

      It’s because those at the top won’t bring prices down despite all the supply chain issue already being solved. What we need is to fund small business. If we increase the competition of big business it will force big businesses to reduce the price to avoid losing market share. The solution is competition.

    • @donh1572
      @donh1572 Před měsícem

      @@honestfriend767 the federal reserve causes inflation, not private businesses.

  • @billiamc1969
    @billiamc1969 Před měsícem +1

    The ship is sinking and folks are fighting over first class seats...LMAO

  • @ScotchOnyx
    @ScotchOnyx Před měsícem +2

    Canadian here from the North. KFC in the 90s use to offer toonie tuesday. $2 for 2 piece chicken and fries. They had to rebrand a decade ago because of inflation. Now that Tuesday special is now $4.50 plus tax

  • @FrankEscalon-xz6jv
    @FrankEscalon-xz6jv Před měsícem +10

    My family was in 62nd and Vermont in south central Los Angeles and we had to close sell after covid. Many issues. I would work everyday.Go buy produce in downtown Los Angeles at 3 in the morning.Then go to Jethro to purchase sodas.Then go to j c sales to purchase single items that I would be able to sell for 1.25. 1.50 or 1.00 At one point before covid I had two employees and I was able to pay them but never made any real profit.

  • @LazarheaD
    @LazarheaD Před měsícem +5

    This is why we can't have nice things!

  • @Honeycomblife
    @Honeycomblife Před měsícem +1

    Those stores were hideous and always looked like they had the cheapest most toxic made in sweatshop factory products and some things were more expensive than big lots..

  • @arandomhandsomeman7725
    @arandomhandsomeman7725 Před měsícem +13

    His dad was a cashier for 15 year!!
    That's crazy. 15 years as a cashier

  • @Hvac-tx2bt
    @Hvac-tx2bt Před měsícem +18

    They haven’t been called the .99 only for a very long time.

    • @OutWestRedDirt
      @OutWestRedDirt Před měsícem

      It's a store title.

    • @trailnut6002
      @trailnut6002 Před měsícem

      ​@OutWestRedDirt no it isn't. They are called "The 99" and changed their name a long time ago

  • @lce839
    @lce839 Před měsícem +3

    Dollar stores have always been my go to for party favors decorations and holidays. making little gift bags for kids class room etc. i know that where a lot of other moms i know go to for same things. plus if you want cheap containers for like organize and craft projects too

  • @constantinekyriazopoulosjr6972

    I'm from the 818 also. Great to see all you've done. Take over 99cent stores help the poor and honor your father and the years he invested. It'll be a great blessing to millions.

  • @cheveuxnoir-premiumquality1082

    I saw a store here to close in a few days in Houston

    • @tamjeanell
      @tamjeanell Před měsícem +1

      They close in June per employee

  • @bobbob-ze9zo
    @bobbob-ze9zo Před měsícem +3

    I remember the 5 and dime store turned into the 88cent store.

  • @cobracommander9138
    @cobracommander9138 Před měsícem +1

    Pat telling this great story about his father and a woman that knew his father personally is heart warming. Especially the part where he used that to ripp her off and sell her on MLM 🤣

  • @chacquito1862
    @chacquito1862 Před měsícem

    I live by the 99 cent store next to LACMA and the amount of crime at that store since the pandemic has been insane…not surprised they went out of business due to theft.

  • @Subeeusa
    @Subeeusa Před měsícem +6

    F.. liberalism

  • @peterdaniel66
    @peterdaniel66 Před měsícem +6

    But Joe says the economy is doing great!

  • @andrewb8548
    @andrewb8548 Před měsícem +2

    In the 1930's they were called five and dimes. They could bring back the same, just dollars instead of cents.

  • @stoundingresults
    @stoundingresults Před měsícem

    The back of the delivery trucks of the 99 Cent Stores trailers have a quote "driver only carries 99 cents"

  • @suesilver7214
    @suesilver7214 Před měsícem +10

    My mother loved the .99 cent store. When my kids were little, she would take them to the store and they could buy whaterever they wanted. The .99 cent store had 2 locations dierctly across ffom either 2 stores on La Tijera blvd just north of the 405. My mom passed in 2013 and I know her heart is broken over this.