LOS ANGLES: A guy with a great idea, 99 Cent Store founder dies

Dave Gold, the founder of one of my favorite stores anywhere, has died of a heart attack at age 80, in the middle-class home he lived in for decades, despite his millionaire net worth.

His 99 Cents Stores, which he began right here in Los Angeles, spread to finally include some 300 outlets.

More than that, it opened a concept that immigrants have copied ever since: the __-Cents store — could be 98, 97, 1.29, whatever. They’re all over L.A.

All of it was made possible by globalization, particularly the entry of China into world manufacturing.

I love going to 99 Cents Stores. You can buy duct tape, radishes, cat food, Halloween candy, canned beans, and books that never sold by folks like Charles Osgood or some football player.

Every store has a million things that can be used for kids’ art projects. And you never have to ask anyone how much something costs, saving you time as well as money….

1 Comment

Filed under Business, California, Global Economy, Los Angeles

One Response to LOS ANGLES: A guy with a great idea, 99 Cent Store founder dies

  1. Patriotic American

    When I was a kid, we went to the dime store. Then it closed, and for twenty years… nothing. Then inflation caught up and dollar stores mushroomed everywhere. Now I know who to thank.

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