Dave Gold
Dave Gold (June 5, 1932 – April 22, 2013) was an American businessman who established the 99 Cents Only chain of discount stores.
Dave Gold | |
|---|---|
| Born | June 5, 1932 Cleveland, Ohio, U.S. |
| Died | April 22, 2013 (aged 80) Los Angeles, California, U.S. |
| Education | Los Angeles High School |
| Alma mater | Los Angeles City College (dropped out) |
| Occupation | businessman |
| Known for | Founder of 99 Cents Only Stores |
Early life
Gold was born in Cleveland, Ohio, to Russian Jewish immigrants[1] who operated a general store.[2]
His family moved to Los Angeles in 1945. Gold graduated from Los Angeles High School and began studies at Los Angeles City College, but dropped out to run his family's liquor store after his father had a heart attack.[2]
Career
Gold opened the first 99 Cents Only store in 1982. At the time, the dollar store concept was considered a retail graveyard for expired or broken products.[2] Gold made his store bright and well organized and cultivated relationships with vendors, sometimes plying them with bagels and cream cheese.[2]
Gold died in his home in the Mid-Wilshire area of Los Angeles from an apparent heart attack.[3]
References
- Claudia Boyd-Barrett (May 22, 2013). "Humility and a Deal: The story behind the 99 Cents Only stores". The Jewish Journal of Greater Los Angeles.
- Li, Shan (April 26, 2013). "Dave Gold dies at 80; entrepreneur behind 99 Cents Only chain". Los Angeles Times.
- "Dave Gold, founder of 99 Cents Only Stores, dies". USA TODAY. Retrieved 2018-04-16.