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CITY OF COMMERCE, CALIF. -- After hitting a tough stretch when it branched into Texas in 2003, the 99 Cents Only chain continued to rebound this fall as it celebrated its 25th anniversary.
The chain officially commemorated the opening of its first store in Westchester, Calif. on Aug. 9, 1982, with an in-store event that included invitees like Tyra Banks and featured a promotion that sold Apple iPhones for 99 cents to the first nine customers.
As it celebrates 25 years in business, the 255-store chain also continues to report strong earnings as its store base in Texas stabilizes. For its most recent quarter ended June 30, it reported earnings of $3 million and …