99 Cents Only Stores Announces Hiring of Senior Real Estate Executive.CITY OF COMMERCE, Calif. -- 99 Cents Only Stores(R) (NYSE NYSE See: New York Stock Exchange :NDN NDN Indian NDN Naples Daily News (Daily news paper in Naples Florida) NDN Non Delivery Notification NDN National Data Network NDN Necdin NDN New Democratic Network NDN Next Door Neighbor NDN Nevada Donor Network ) reports it has hired Norm Plotkin as Senior Vice President of Store Development. Eric Schiffer, Chief Executive Officer said, "We are excited to announce that an executive of Norm Plotkin's caliber has joined us as Senior Vice President of Store Development. Norm will oversee all of 99 Cents Only Stores' real estate and construction functions. His extensive retail background should prove highly valuable and we expect that Norm will play an instrumental role serving as a key member of our senior executive team." Norm Plotkin was with Factory 2-U Factory 2-U is a chain of department stores that are located mostly in the Western United States selling clothing, domestics, and merchandise, founded in 1962, originally private owned. They have 6000 employees with more than 10 stores. Stores, Inc. from 1998 through 2004, where he most recently was CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . Prior to his appointment as CEO in December 2003, Mr. Plotkin was Executive Vice President of Store Development, Human Resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. and General Counsel. He has extensive real estate experience in the southwest, northwest and midwest regions of the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . From 1996 to 1998, Mr. Plotkin was president of a commercial real estate firm based in Illinois. From 1988 until 1996, Mr. Plotkin served as a senior vice president for Handy Andy Home Improvement Centers Handy Andy Home Improvement Centers was a Midwestern chain of big box home improvement centers led by president Richard George and headquartered in Schaumburg, Illinois. The stores operated in Illinois, Indiana, Michigan, Missouri, Ohio, Tennessee, and Wisconsin. Inc., a $600 million revenue company, where he was responsible for real estate, finance, administration and legal. Mr. Plotkin was engaged in the private practice of law from 1980 to 1988. 99 Cents Only Stores(R), the nation's oldest existing one-price retailer, operates 219 retail stores in California, Texas, Arizona and Nevada and a wholesale division. 99 Cents Only Stores(R) emphasizes name-brand consumables, priced at an excellent value, in attractively merchandised stores. This press release contains forward-looking statements, as referenced in the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 (the "Act"). Forward-looking statements are inherently unreliable and actual results may differ. Factors which could cause actual results to differ materially from these forward-looking statements include, changes in the competitive market place, general economic conditions, factors affecting the retail industry in general, the timing of new store openings, the ability of the Company to identify and obtain leases for new stores, the ability of the Company to acquire inventory at favorable costs and other factors discussed in the Company's filings with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Note to Editors: 99 Cents Only Stores(R) releases and information available at www.99only.com |
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