Dave King, founder of 99 cents only store more than 30 years ago, who see it expanded into a 10 billion dollar empire, has died. He was 80.
Gold, died Monday at his Los Angeles home, his son, Jeff King told the Los Angeles Times on Saturday published a story, an obvious attack.
Gold is 50, he opened the first store in 1982. He told the New York Times in 2003, while working in his father's liquor store, he found that he discounted to 98 cents, $ 1.02, that is, never sold out, but 99% of the label magic items .
"When I put 99% of any indication, it disappeared, at any time," he said. "I think, not a store, where everything is good quality, all for 99 cents fun?"
He gave the dollar store concept, which at the time was considered expired or damaged products, a fresh spin Retail cemetery store bigger, brighter, and better organization. Eventually his shop in California, Arizona, Nevada and Texas spread to the middle class, and even high-end neighborhoods.
Chain to become a family business - three children, son-in-law worked there in some capacity - chains ads showed his sense of humor. To congratulate the Los Angeles Dodgers lost 99 games. "Another hope Joan Rivers," Happy 99th facelift. "
The company in 2011 sales of approximately $ 160 million.
Gold has become ten million millionaires live modestly. His family said, sherry nearly five decades, he lived in a middle class family, his wife, 55-year-old, driving the same, in 2000, he purchased the Toyota Prius.
In addition to his wife and children, the survival of gold five grandchildren.
 



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