Dollar Tree is hiking prices 25%. Most items will now cost $1.25.
“Dollar Tree is one of America’s last remaining true dollar stores.”
The following written content by Nathaniel Meyersohn
Dollar Tree will soon be $1.25 tree.
The company — one of America’s last remaining true dollar stores — said Tuesday it will raise prices from $1 to $1.25 on the majority of its products by the first quarter of 2022.
Dollar Tree said in a quarterly earnings release Tuesday that its decision to raise prices to $1.25 permanently, however, was “not a reaction to short-term or transitory market conditions.”
Selling stuff strictly for $1 hampered Dollar Tree, the company said, and forced it stop selling some “customer favorites.” Raising prices will give Dollar Tree more flexibility to reintroduce those items, expand its selection and bring new products and sizes to its stores.
Dollar Tree also said that hiking prices will help the company increase its profit margins by “mitigating historically high merchandise cost increases,…. Read more from WMTW.
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