An ongoing senior leadership transformation at 99 Cents Only stores has put a former Kmart executive in the role of interim CEO, and now the company has named a former Walmart executive as interim CFO for the second time.
99 Cents Only Stores on Friday posted sales of $477.9 million for the first quarter ended May 2, representing a sales lift of 7.3%.
99 Cents Only Stores on Tuesday announced its financial results for the shortened fiscal year 2014 that began on March 31, 2013 and ended January 31, 2014, consisting of 44 weeks.
99 Cents Only stores announced on Monday Stéphane Gonthier as the company's new president and CEO. Gonthier is leaving Dollarama, where he was COO since September 2007.