99¢ Only Stores’ total sales increased 6.3% in its financial first quarter ended July 2, aided by like-for-like growth of 5.9%. The retailer said total sales reached $368m (£228m), a 6.3% increase from the same quarter last year. The Easter selling season provided a key boost.

The retailer plans to open 16 stores in the 2012 financial year, and in financial year 2013 will accelerate its store growth rate to about 10%, with the majority of new stores expected to be in California.

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