LOS ANGELES, March 9, 2020 / PRNewswire / – 99 cents Only Stores LLC (the “Business” or “99 cents Only stores“) announced today that Barry J. Feld joined the company as the new CEO, March 6, 2020. Mr. Feld will also be a member of the board of directors of the Company.
Mr. Feld brings over 30 years of strategic leadership and experience in the specialty retail industry to his new role. Most recently, he spent fifteen years as CEO and President and later Executive President of Cost Plus World Market, where he and his management team made Cost Plus a leader in retail. casual products for home and entertainment, including specialty dishes and wines.
Prior to joining Cost Plus, Mr. Feld was CEO of several large, well-known retail companies, including PCA International, Inc. (an operator of specialty retail concepts in more than 3,100 Walmart stores in five countries ), Vista Eyecare (a chain retailer with over 900 vision centers) and Frame-N-Lens Optical, Inc. (which was then the largest optical store chain California). In addition to his management and advisory positions, since 2015, Mr. Feld has been Chairman of the Board of the Retail Management Institute of University of Santa Clara, where he directs and collaborates with university executives and professionals.
Norman Axelrod, the president of 99 cents Only the store board said, “Barry’s experience overseeing large, innovative, high-growth companies makes him the ideal candidate to lead 99 cents Only stores. We are delighted to have a seasoned setting with merchandising qualities, extreme value and references 99 cents team. We thank Felicia Thornton for her leadership as the interim CEO and look forward to the continued advice of Ms. Thornton as Vice-Chair of our Board of Directors. ”
Mr. Feld said: “I am delighted to join the 99 cents team. We have an incredible brand and I plan to continue working to become our customers’ preferred extreme value retailer. I look forward to leveraging my experience to support ongoing efforts to leverage our main strengths and differentiate our offer on the market. We have excellent partners, loyal customers and fantastic suppliers who are all part of the magic of 99 cents Only stores. “
Sure 99 cents Only Stores LLC
Founded in 1982, 99 Cents Only Stores LLC is the premier operator of extreme value stores in California and the southwestern United States. The company currently operates 386 stores located in California, Texas, Arizona and Nevada. 99 cents Only Stores LLC offers a wide assortment of branded and other products at attractive prices and compelling seasonal product offerings. For more information, visit www.99only.com.
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SOURCE 99 cents Only stores