Dollar store to shutter all 371 shops: 'Extremely difficult decision'

Discount store 99 Cents Only has announced it will shutter all 371 of its locations, citing high and rising theft as the reason for the closures.

The West Coast brand - which has shops in , , and - announced the news in a press release Thursday without giving a timeline for the closures.

It comes amidst a widespread 'retail apocalypse' which is seeing bricks-and-mortar stores struggle to combat rampant theft and increasingly tight margins.

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