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

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  • Опубліковано 8 кві 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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КОМЕНТАРІ • 1,8 тис.

  • @destroygaryfunky7053
    @destroygaryfunky7053 2 місяці тому +94

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

    • @troy.peters
      @troy.peters 2 місяці тому +6

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

    • @tocadadj2951
      @tocadadj2951 2 місяці тому

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

    • @stevensica5918
      @stevensica5918 2 місяці тому +2

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

    • @stoundingresults
      @stoundingresults 2 місяці тому +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 2 місяці тому

      Biden’s America makes crime legitimate!

  • @shanerob5414
    @shanerob5414 2 місяці тому +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 2 місяці тому

      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 2 місяці тому +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 2 місяці тому +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 2 місяці тому +19

      Absolutely right is a joke.

    • @shannysunshine8389
      @shannysunshine8389 2 місяці тому +35

      Yep and in the democrat pockets!

  • @charlottedale1111
    @charlottedale1111 2 місяці тому +1142

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  • @Andres_853
    @Andres_853 2 місяці тому +474

    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 2 місяці тому +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 2 місяці тому +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 2 місяці тому +3

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

    • @roseylumber
      @roseylumber 2 місяці тому +1

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

    • @roseylumber
      @roseylumber 2 місяці тому +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 2 місяці тому +320

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

    • @Zambobazle
      @Zambobazle 2 місяці тому +2

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

    • @Zambobazle
      @Zambobazle 2 місяці тому +3

      *STOLEN

    • @dublinoseven3279
      @dublinoseven3279 2 місяці тому +26

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

    • @jacqueslee2592
      @jacqueslee2592 2 місяці тому

      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 2 місяці тому +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 🫠

  • @markothesharko
    @markothesharko 2 місяці тому +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 2 місяці тому

      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 2 місяці тому +6

      You can sell your private jet and help

    • @jbo3536
      @jbo3536 2 місяці тому +6

      Dems love it

    • @stevensica5918
      @stevensica5918 2 місяці тому

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

    • @Mr_Don1
      @Mr_Don1 2 місяці тому +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.

  • @RandyBaumery
    @RandyBaumery 2 місяці тому +41

    Shoplifting hurts us all.

    • @ArtIsDrawing
      @ArtIsDrawing Місяць тому

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

  • @ArnCital
    @ArnCital 2 місяці тому +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 2 місяці тому +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 2 місяці тому

      @@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 2 місяці тому

      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 2 місяці тому +2

      Not a Pastor's job dude.

  • @tigernorm713
    @tigernorm713 2 місяці тому +217

    That theft rate is shameful

    • @hanfucolorful9656
      @hanfucolorful9656 2 місяці тому

      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 2 місяці тому

      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 2 місяці тому

      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 2 місяці тому +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 2 місяці тому

      @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

  • @morganalexia
    @morganalexia 2 місяці тому +176

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

    • @mgtowski395
      @mgtowski395 2 місяці тому +13

      Burbank was stocked with good stuff.

    • @AndyonBlast
      @AndyonBlast 2 місяці тому +1

      Still do

    • @jamescalifornia2964
      @jamescalifornia2964 2 місяці тому +1

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

    • @williamstamper442
      @williamstamper442 2 місяці тому +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 2 місяці тому +2

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

  • @KarenLavia
    @KarenLavia 2 місяці тому +330

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      @EddyAgnes-vy4kp 2 місяці тому +2

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      @nicolasbenson009 2 місяці тому +2

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      @HectorWhitney 2 місяці тому

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  • @user-gl9iz1bp1r
    @user-gl9iz1bp1r 2 місяці тому +12

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

  • @BeetleBro978
    @BeetleBro978 2 місяці тому +101

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

    • @twothreefour234
      @twothreefour234 2 місяці тому +27

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

    • @AndyonBlast
      @AndyonBlast 2 місяці тому +2

      All that candy man you trippin

    • @FJB2020
      @FJB2020 2 місяці тому +13

      who do you think is doing it???

    • @HiddenAgendas
      @HiddenAgendas 2 місяці тому +16

      blks

    • @damegto
      @damegto 2 місяці тому +3

      @@theImpaler710true poet 😅

  • @McVet3
    @McVet3 2 місяці тому +143

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

    • @adeel333amjad
      @adeel333amjad 2 місяці тому +9

      go

    • @artisaprimus6306
      @artisaprimus6306 2 місяці тому

      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 2 місяці тому

      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_ 2 місяці тому +4

      @@adeel333amjad😂😂😂😂

    • @TheCyberMantis
      @TheCyberMantis 2 місяці тому +1

      Ask the military for help. See what happens.

  • @jaredwarner2451
    @jaredwarner2451 2 місяці тому +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 2 місяці тому +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 2 місяці тому

      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 2 місяці тому +1

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

  • @ggfelix9029
    @ggfelix9029 2 місяці тому +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...

  • @chrisellis1207
    @chrisellis1207 2 місяці тому +51

    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 2 місяці тому

      Not yet .

    • @GORILLA_PIMP
      @GORILLA_PIMP 2 місяці тому +2

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

    • @madelineharkins5643
      @madelineharkins5643 2 місяці тому

      True that! This is one effed up administration !

    • @gintoki2000
      @gintoki2000 2 місяці тому +2

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

    • @chinaboss6683
      @chinaboss6683 2 місяці тому +1

      99% conviction rate is the best policy.

  • @MrKHafid
    @MrKHafid 2 місяці тому +141

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

    • @Thebob6
      @Thebob6 2 місяці тому +5

      It’s the theft

    • @faethe000
      @faethe000 2 місяці тому +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 2 місяці тому +3

      What do you expect

    • @hrhtreeoflife4815
      @hrhtreeoflife4815 2 місяці тому +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 2 місяці тому +3

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

  • @jrroper3515
    @jrroper3515 2 місяці тому +15

    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.

  • @Born2DoubleUp
    @Born2DoubleUp 2 місяці тому +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.

  • @jefftaylor844
    @jefftaylor844 2 місяці тому +114

    Soon, it will be called 5 Dollar Store !

  • @RCJH2022
    @RCJH2022 2 місяці тому +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 2 місяці тому +8

      You ain't right 🤣😂🤣😂

    • @EnigmaticDecay
      @EnigmaticDecay 2 місяці тому +17

      Nobody has ever accused them of being intelligent.

    • @christopherm202dcfinest2
      @christopherm202dcfinest2 2 місяці тому +13

      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 2 місяці тому +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 2 місяці тому

      ​@@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?

  • @M3LTUP
    @M3LTUP 2 місяці тому +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.

  • @jestexgarcia3601
    @jestexgarcia3601 2 місяці тому +3

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

  • @thatwasprettyneat
    @thatwasprettyneat 2 місяці тому +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.

  • @timhull8664
    @timhull8664 2 місяці тому +39

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

    • @realreviews4017
      @realreviews4017 2 місяці тому +3

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

  • @malam4961
    @malam4961 2 місяці тому +13

    Law is too comfortable for criminals

    • @NakedEyes-lm3bj
      @NakedEyes-lm3bj 2 місяці тому

      What laws?

    • @user-je8fz3oh3k
      @user-je8fz3oh3k 2 місяці тому

      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 2 місяці тому

      @@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 2 місяці тому

      @@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

  • @sgraham4533
    @sgraham4533 2 місяці тому +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

  • @ullupdrost4740
    @ullupdrost4740 2 місяці тому +19

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

    • @IMurderdTheDevil
      @IMurderdTheDevil 2 місяці тому +7

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

  • @cheaserceaser
    @cheaserceaser 2 місяці тому +51

    They should re-open as $9.99 store

    • @damegto
      @damegto 2 місяці тому +3

      Or 2.99 only 😂

  • @dgross2009
    @dgross2009 2 місяці тому +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.

  • @rudydesi
    @rudydesi 2 місяці тому +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- 2 місяці тому

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

    • @rudydesi
      @rudydesi 2 місяці тому

      @@malachi- what do you mean?

    • @malachi-
      @malachi- 2 місяці тому +1

      @@rudydesi Amish?

  • @alishaisner
    @alishaisner 2 місяці тому +89

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

    • @shannysunshine8389
      @shannysunshine8389 2 місяці тому

      You mean it hurts the thieves?!

    • @hanfucolorful9656
      @hanfucolorful9656 2 місяці тому

      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 2 місяці тому +3

      @@shannysunshine8389 no! it hurts the poor.

    • @dragonage2112
      @dragonage2112 2 місяці тому +1

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

    • @sarailolly7138
      @sarailolly7138 2 місяці тому

      ​@@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.

  • @mmmitchell6887
    @mmmitchell6887 2 місяці тому +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 2 місяці тому

      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.

  • @abetterfuture4787
    @abetterfuture4787 2 місяці тому +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.

  • @tuomasholo
    @tuomasholo 2 місяці тому +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 2 місяці тому +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.

  • @dhruvamarkowski7460
    @dhruvamarkowski7460 2 місяці тому +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 2 місяці тому +6

      Blame the blacks I see

    • @biga6856
      @biga6856 2 місяці тому +9

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

    • @gabrielserrano5054
      @gabrielserrano5054 2 місяці тому

      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 2 місяці тому

      @@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 2 місяці тому +2

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

  • @Poopster4U
    @Poopster4U 2 місяці тому +15

    America is in full retrograde.

  • @ArcangelGamingEntertainment
    @ArcangelGamingEntertainment 2 місяці тому +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.

  • @codymacintyre6589
    @codymacintyre6589 2 місяці тому +1

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

  • @paulkinney7129
    @paulkinney7129 2 місяці тому +39

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

  • @Ac0ustics0ul
    @Ac0ustics0ul 2 місяці тому +142

    FJB

    • @ScottH.
      @ScottH. 2 місяці тому +4

      How mature and original.

    • @Ac0ustics0ul
      @Ac0ustics0ul 2 місяці тому +2

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

    • @dmzabo3914
      @dmzabo3914 2 місяці тому +21

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

    • @NastyFruit
      @NastyFruit 2 місяці тому +16

      @@ScottH.shut up

    • @ScottH.
      @ScottH. 2 місяці тому +1

      @NastyFruit another child has come to comment.

  • @davidderler5924
    @davidderler5924 2 місяці тому +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.

  • @laralu8641
    @laralu8641 2 місяці тому +7

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

  • @marnycoggins4535
    @marnycoggins4535 2 місяці тому +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.

  • @TheShoopdaddy
    @TheShoopdaddy 2 місяці тому +23

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

    • @nicelagirl
      @nicelagirl 2 місяці тому +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 2 місяці тому +1

      only restaurants.

    • @Bruv009
      @Bruv009 2 місяці тому +2

      Bro is Restarted

  • @truelies3690
    @truelies3690 2 місяці тому +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.

  • @garettanderson6772
    @garettanderson6772 2 місяці тому +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.

  • @chrissmith-jh8xw
    @chrissmith-jh8xw 2 місяці тому +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 2 місяці тому

      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.

  • @ecgodsmack86
    @ecgodsmack86 2 місяці тому +49

    Dang. Love PBDs content he covers everything

  • @davidblick2192
    @davidblick2192 2 місяці тому +11

    More democrat lawlessness.

    • @user-je8fz3oh3k
      @user-je8fz3oh3k 2 місяці тому

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

  • @ashbash1691
    @ashbash1691 2 місяці тому +1

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

  • @josephmorgan4108
    @josephmorgan4108 2 місяці тому +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 2 місяці тому +7

      That's not what did them in

    • @user-je8fz3oh3k
      @user-je8fz3oh3k 2 місяці тому +1

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

  • @ambermarlin2028
    @ambermarlin2028 2 місяці тому +11

    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 2 місяці тому

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

    • @lenblack1462
      @lenblack1462 2 місяці тому +2

      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.

  • @ignazs.5816
    @ignazs.5816 2 місяці тому +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.

  • @ericmarshall8097
    @ericmarshall8097 2 місяці тому +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.

  • @HenryOManly
    @HenryOManly 2 місяці тому +40

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

    • @user-ts7ns7bt2v
      @user-ts7ns7bt2v 2 місяці тому +4

      They buy new cars . They go on vacation.

    • @mikikiki
      @mikikiki 2 місяці тому +1

      How?

    • @HenryOManly
      @HenryOManly 2 місяці тому

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

    • @rogerbennett2025
      @rogerbennett2025 2 місяці тому +3

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

    • @HenryOManly
      @HenryOManly 2 місяці тому

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

  • @rustyp5810
    @rustyp5810 2 місяці тому +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 2 місяці тому +4

      Of 🏀🏀 people . Specifically .

  • @bricks4kidztrivalleyeastba960
    @bricks4kidztrivalleyeastba960 2 місяці тому +4

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

  • @mochiebellina8190
    @mochiebellina8190 2 місяці тому +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 2 місяці тому +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 2 місяці тому

      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.

  • @karenkramer3760
    @karenkramer3760 2 місяці тому +14

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

  • @Honeycomblife
    @Honeycomblife 2 місяці тому +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..

  • @Subeeusa
    @Subeeusa 2 місяці тому +6

    F.. liberalism

  • @barkerlandar
    @barkerlandar 2 місяці тому +7

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

    • @user-je8fz3oh3k
      @user-je8fz3oh3k 2 місяці тому +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 2 місяці тому +5

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

  • @morskisrle
    @morskisrle 2 місяці тому +1

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

  • @rollinia7770
    @rollinia7770 2 місяці тому

    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.

  • @poodlescone9700
    @poodlescone9700 2 місяці тому +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 2 місяці тому +2

      High lease too

    • @ericjones3692
      @ericjones3692 2 місяці тому +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.

  • @mikeyg1776
    @mikeyg1776 2 місяці тому +16

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

    • @IMurderdTheDevil
      @IMurderdTheDevil 2 місяці тому

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

  • @andrewb8548
    @andrewb8548 2 місяці тому +2

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

  • @LadyDi90210
    @LadyDi90210 2 місяці тому

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

  • @Lumi_xoxo2
    @Lumi_xoxo2 2 місяці тому +46

    This is all intentional

    • @malachi-
      @malachi- 2 місяці тому

      When hasn't it been?

  • @joshuamundt1426
    @joshuamundt1426 2 місяці тому +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 2 місяці тому

      Tell her the truth: they eat at McDonalds.

    • @emailuser8668
      @emailuser8668 2 місяці тому

      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.

  • @billiamc1969
    @billiamc1969 2 місяці тому +1

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

  • @ScotchOnyx
    @ScotchOnyx 2 місяці тому +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

  • @KapitalP73
    @KapitalP73 2 місяці тому +16

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

    • @chetsjug
      @chetsjug 2 місяці тому +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 2 місяці тому

      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 2 місяці тому +1

      In Detroit, candybars were $0.40 in 1982.

    • @FJB2020
      @FJB2020 2 місяці тому +4

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

    • @GORILLA_PIMP
      @GORILLA_PIMP 2 місяці тому +2

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

  • @donh1572
    @donh1572 2 місяці тому +4

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

    • @honestfriend767
      @honestfriend767 2 місяці тому +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 2 місяці тому

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

  • @leeharris8102
    @leeharris8102 2 місяці тому +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..

  • @bchoc66
    @bchoc66 2 місяці тому +1

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

  • @diananoonen2262
    @diananoonen2262 2 місяці тому +32

    This is all intentional!

    • @sgtslaughter573
      @sgtslaughter573 2 місяці тому +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 2 місяці тому +5

      Yes it is

    • @LeileeBaker805
      @LeileeBaker805 2 місяці тому

      Crazy😑

  • @sellsformoola
    @sellsformoola 2 місяці тому +6

    Dollar stores are going out of business as well.

  • @edgewound
    @edgewound 2 місяці тому +1

    Organized crime is stealing from these stores and selling on-line. Walmart lost $5,000,000,000 to theft.

  • @chacquito1862
    @chacquito1862 2 місяці тому

    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.

  • @CarieSaad
    @CarieSaad 2 місяці тому +22

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

  • @JizMafia
    @JizMafia 2 місяці тому +8

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

  • @Chris-pi4px
    @Chris-pi4px 2 місяці тому +1

    What a shocker. No longer prosecute crime and all these retail stores have to close. Who could have guessed

  • @frankysalazar6857
    @frankysalazar6857 2 місяці тому +1

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

  • @lovemoves3312
    @lovemoves3312 2 місяці тому +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 2 місяці тому +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 2 місяці тому +1

      Ebt

    • @lovemoves3312
      @lovemoves3312 2 місяці тому

      @@jeansullivan3869 gotcha 👍🏽 that makes sense

    • @lovemoves3312
      @lovemoves3312 2 місяці тому

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

  • @LazarheaD
    @LazarheaD 2 місяці тому +5

    This is why we can't have nice things!

  • @lce839
    @lce839 2 місяці тому +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

  • @virgosbonnet7896
    @virgosbonnet7896 2 місяці тому +1

    They did it to themselves by raising prices from .99 cents to 2.99 and more. Nobody is to blame but the CEO for being GREEDY!!!!

  • @suesilver7214
    @suesilver7214 2 місяці тому +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.

  • @arandomhandsomeman7725
    @arandomhandsomeman7725 2 місяці тому +13

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

    • @christopherm202dcfinest2
      @christopherm202dcfinest2 2 місяці тому

      That’s a shame.

    • @peterlona7835
      @peterlona7835 2 місяці тому +6

      Do not despise your small beginnings

    • @joshknight8973
      @joshknight8973 2 місяці тому

      @@peterlona7835exactly. Better than robbing the store..

    • @EricJGonzalez
      @EricJGonzalez 2 місяці тому

      And he was the Republican in the family...smh

    • @FJB2020
      @FJB2020 2 місяці тому +1

      @@EricJGonzalez what does that have to do with anything?

  • @jordanflores5687
    @jordanflores5687 2 місяці тому

    It's crazy when i hear ppl say we were on lockdown when was this i was out and about i still had to work

  • @Mike.Knight69
    @Mike.Knight69 2 місяці тому

    Mismanagement in a nutshell, also theft and lack of reported store losses can add up

  • @Hvac-tx2bt
    @Hvac-tx2bt 2 місяці тому +18

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

    • @OutWestRedDirt
      @OutWestRedDirt 2 місяці тому

      It's a store title.

    • @trailnut6002
      @trailnut6002 2 місяці тому

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

  • @FrankEscalon-xz6jv
    @FrankEscalon-xz6jv 2 місяці тому +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.

  • @stoundingresults
    @stoundingresults 2 місяці тому

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

  • @BIX-18827DCM
    @BIX-18827DCM 2 місяці тому

    9:28 that john secada reference was golden