Nearly 200 shuttered 99 Cents Only stores to open as Dollar Tree locations from Texas to California [Video]

Nearly 200 shuttered 99 Cents Only stores from Texas to California will be re-opened as Dollar Tree locations after the leases were secured out of bankruptcy proceedings.

The transfer of designation rights for 170 locations in Texas, Arizona, Nevada and California, along with some of the furniture, equipment and fixtures inside, was approved by the United States Bankruptcy Court for the District of Delaware.

Shares of Dollar Tree Inc., based in Chesapeake, Virginia, rose 2% at the opening bell Thursday.

99 Cents Only Stores filed for Chapter 11 bankruptcy protection last month and has been shedding assets ranging from inventory to store leases. The company said in April that it would close all 371 of its stores, ending a 42-year run for the bargain outlet.

99 Cents Only had struggled for some time with shifting consumer demand, inflation and theft, and it’s not alone among bargain store chains.

Dollar Tree posted …