Eric Schiffer joined 99 cents Only Stores in the year1991 with an aim to make a successful career in retail industry. 99 cents Only Stores was opened in the year 1982 and it was opened to help those people with tight budget in the downturn economy with household products in less than a dollar. Since 1991 Eric used his managerial skills for making the company successful and in the year 2000 Eric became the president of the company. Later in the year 2005 Eric became the Chief Executive Officer of 99 cents Only Stores. 99 cents Only Stores is one of the oldest retail chain stores of single price. At present the company has about two hundred and seventy three locations all over California, Arizona, Nevada and Texas. Eric motivates other people in the 99 cents Only Stores to eliminate inefficiencies and work towards to make the company profitable. Eric Schiffer always had a dream to become successful in retail business and his dream came true through the 99 cents Only Store. He was working as venture capitalist for four years after completing his training in electrical design engineer when his father-in-law David Gold founder of 99 cents Only Stores gave him the offer to join his retail company.
Eric Schiffer (99 Cents Only Stores) – Name Brand Product in Unbelievable price
99 cents Only Stores was opened to provide the people products of good brand in low price. Generally most of the retail store makes profit by selling branded products in high price where 99 cents Only Store is just opposite. There are many people who cannot afford to buy such expensive products because it is not in their budget. If this is the case then the 99 cents Only Stores is the right place for you.
Eric Schiffer (99 Cents Only Stores) – What they Sell
99 cents Only Stores sells products frombeverages, mixed foods to other products that they require in their day to day life. Apart from the everyday groceries there are several other products you get here. You can get dog’s costumes to talking picture frames. You can get leather holster for your iPhone, bare root rose bushes, you can even get best deal on jackets and left handed baseball gloves. You can even get the high end kitchen appliances in 99 cents Only Stores. If you are staying anywhere in California you can locate the nearby 99 cents Only Stores for shopping.
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Eric Schiffer is the CEO of “99 Cents” Only Stores. It is a price-point retail chain that deals in close-out items at a maximum price of 99.99¢. In other words, it provides a joyous shopping experience to the value-conscious customers. Therefore, it is often dubbed as “discount wonderland.” The stores provide household items, beverages, kid’s craft and a host of other goods. This retail chain was launched by David Gold. Since then, it has been providing service to the customers. Being a member of the management team at 99 Cents Only Stores for more than two decades, Eric has done played a crucial role with the retail chain’s accomplishments. He revived the stores and made it what is today. He is the Chief Executive Officer and Assistant Corporate Secretary, he has all the answers to every question and also he has made remarkable contribution in the growth and success of 99¢ Only Stores. Eric Schiffer is not just a business executive in retail industry but his journey is an inspiring tale. His career is a fine example of courage, positive outlook, commitment and perseverance. It was only because of his inventive marketing strategies that he could give up his career in electrical engineering to join 99¢ Only Stores.
Eric Schiffer had an outstanding academic career. He obtained his Bachelor of Science degree from Duke University. He received his MBA degree at Harvard Business School. While studying at Harvard Business School, Eric made the decision to join the retail industry. Eric had zero experience in retail industry but due to his talent and hard work, he was appointed as the Director of 99¢ Only Stores in March 2000. Before joining this company, he served as venture capitalist for all most four years at Oxford Partners. He acted as a catalyst and through his commitment, talent and hard work; he brought success to the company. In January 2005, he was appointed as the president of the retail chain.
99 Cent Only Stores was established in 1982. Ever since its establishment, this financially sound retain chain is adding more feathers to its crown. Apart from its ‘base camp’ in the Commerce City California, the retail chain has stores in Texas, Nevada, and Arizona. Today, there are 289 stores. There are 214 stores in California. Twelve new stores will be set up in California. Eric Schiffer’s contribution to the rise of 99 Cents Only Stores is beyond words. He has given 20 years of his life to the fast growing company. He has bigger dreams for the company and striving hard to expand it further.