Dollar Tree To raise prices – IOTW Report

Dollar Tree To raise prices

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

18 Comments on Dollar Tree To raise prices

  1. 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.

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  2. 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.)

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  3. 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.

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