NYP: Dollar Tree is asking customers to cough up more than a buck for many items in its stores as inflation starts to bite, the mega chain said on Tuesday.
The discounter is testing higher prices in stores, raising some of its prices to as much as $1.50 as its labor costs have soared.
Supply chains that became snarled during the coronavirus also have meant Dollar Tree is paying more for the goods it’s selling — so it’s passing some of those costs onto shoppers at its 7,900 US stores.
“We recognize the need to make adjustments in the current economic environment,” said Chief Executive Michael Witynski. He noted the pressures “all of us” are seeing on wages and freight — not only retailers, but also the companies that supply them.
Meanwhile, adding items beyond its previous $1 price point will allow the chain to expand its selection — creeping perhaps onto the territory of Dollar General, which also started as a dollar store, but now is a broader discounter. more
Yeah, everyone was getting tired of the bodywash, shampoo, laundry and dish soap combo anyway.
So are they going to change their name to “Dollar and a Half Tree”?
Wait…shouldn’t it be 84 Cent Tree now? I thought Thrifty Joe saved us 16 cents this Summer.
Or maybe we’ll be getting 50 cents of value, instead of 60 cents, for a dollar now. That how price increases are usually hidden.
If 3.5 TRILLION actually costs us ZERO DOLLARS, who the hell can afford to shop at DOLLAR TREE?
I remember when Motel 6 used to cost $6.00 a night.
Time marches on.
Obama was good for the dollar store industry, they expanded greatly during his time in office. Now Biden is killing them off. (I joked during Obama’s reign of terror that the only retail establishments doing well were dollar stores and gun stores.)
jellybean – Now prices are eight times higher and they hand you the sheets and a putty knife to change them with!
Dollar Tree in tourists areas is great. We rent a home for a week over on the coast, and as always, the house is missing a few cheap utensils. I end up buying kitchen stuff, dish towels, plastic containers and scissors. I rarely go to the one in town here, too many crazy homeless hangout in front of the store. They’ll probably call the store “Dollar Tree and More.” More is for the more money you’re going to spend.
How about for us old farts the buck and 4 bits store.
And you know that the price of deer nuts as opposed to beer nuts will be over a buck by now. Doggone inflation, you did that joey, thanks for nuttin.
Two bits, four bits, six bits a dollar, lets all stand up in unison screaming eff joe biden with a very loud holler.
Thanks to Joe and the dems, the name will soon change to “The Yuan Tree”.
Gonna be the “Tree Fitty” soon.
New name: The crazy joe biden inflationary store.
New! Build Back Better prices!
And thus,the Dollar Tree follows the Five and Dime, down the lonely trail of history.
In Detroit, it will become Tree-Fiddy Tree.
@ Truckbuddy
Dang! You beat me to it!