Eric Schiffer is the CEO of the 99¢ Only Stores. This is a household name in the retail industry in the United States. This is the oldest retail chain that has been based in California for the last three decades. It was established by David Gold in 1982 and since then it has grown to be the leading store in the retailing industry. In the modern world this chain store operates over 273 chains in over four states. 99¢ Only Stores is considered by many as the best chain store in the retailing industry. It offers customers high quality services even in the discouraging economic climate. One thing that has seen it grow is its constant price. It caters for the needs of customers in all seasons. This means that its customers can afford the goods and services anytime of the year.
It is inevitable to mention Eric Schiffer whenever people talk of success of the 99¢ Only Stores. This is one man who has worked relentlessly to see this company succeed. He has done everything possible to make it achieve high returns. Schiffer is at present the Chief Executive Officer of the 99¢ Only Stores. He has become a role model to many people who want to succeed in the business industry. He is among the top business entrepreneurs in the United States.
Eric Schiffer started his journey into the retailing industry in the year 1991. Initially he was a trained electrical engineer from Duke University. Because of his dreams to venture into business, he took up MBA at the internationally acclaimed Harvard Business School. After graduating, he joined Oxford Partners which is a well-known venture capital firm. He worked here for some time. This is where he gained some of the skills he has used to see 99¢ Only Stores prosper. He was introduced into this company by his father-in-law who was the CEO of 99¢ Only Stores.
Schiffer has impressive business ideas that have seen this company grow. This man has not only made 99¢ Only Stores extremely popular retail chain in the US but has also seen it expand its territory. It has ventured into many states like Texas, Arizona and Nevada. He has come up with realizable goals which the company aims at achieving. 99¢ Only Stores buys goods and sells them for 99.99¢ maximum per item. This is a good price that is constant all through.