More Than One Dollar: Dollar Tree Increases Prices For The First Time In 35 Years
For 35 years, the Dollar Tree discount chain has sold almost everything for $ 1. But the time has come to change that: the cost of most goods will rise to $ 1,25. Writes about it NPR.
Each year, the dollar's value declines due to inflation, making it difficult to keep prices set. Inflation hit its highest level since 1990 last month.
Dollar Tree's competitors deviate from the strict $ 1 or even $ 5 pricing as in the case of Five below. Now Dollar Tree has given up too - the chain plans to raise prices in all stores by early 2022.
The company has been testing more expensive products for months now, adding Dollar Tree Plus stores with $ 3 and $ 5 items. In September, she said shoppers had “reacted positively” to the price changes and announced plans to set $ 1,25 and $ 1,50 in select traditional Dollar Tree stores. The innovation has produced "exceptionally positive" results.
To meet the $ 1 limit, the discount chain had to stop selling some of the products it hopes to return to their shelves.
You may be interested in: top New York news, stories of our immigrants and helpful tips about life in the Big Apple - read it all on ForumDaily New York
The Dollar Tree report said that the increase in prices of more than $ 1 "was not a reaction to short-term or transitional market conditions." But Dollar Tree CEO Michael Witinski said "the additional price has given companies the ability to run businesses as a whole, especially in an unstable inflationary environment."
Dollar Tree is one of the fastest growing networks in the United States, adding hundreds of locations during the COVID-19 pandemic.
Read also on ForumDaily:
stdClass Object ([term_id] => 12 [name] => In the US [taxonomy] => category [slug] => novosti-ssha)In the U.S.
stdClass Object ([term_id] => 2503 [name] => prices [taxonomy] => post_tag [slug] => tseny)prices
stdClass Object ([term_id] => 28191 [name] => Dollar Tree [taxonomy] => post_tag [slug] => dollar-tree)Dollar Tree
Let's face the crisis together and support each other
Thank you for staying with us and trusting! Over the past 5 years, we have received a lot of grateful feedback from readers, whom our materials have helped to arrange life after moving to the United States. We have big plans, we do not want to stop or slow down the pace of work. Even now…
The COVID-19 pandemic has negatively affected our income, and in order to stay afloat, we have to ask YOU for support. We will be grateful for any amount and will make every effort to continue to publish news and a lot of useful information just as quickly.
Thank you for being with us!
Always yours, ForumDaily!
Security of contributions is guaranteed by the use of the highly secure Stripe system.
Do you want more important and interesting news about life in the USA and immigration to America? Subscribe to our page in Facebook. Choose the "Display Priority" option and read us first. Also, don't forget to subscribe to our РєР ° РЅР ° Р »РІ Telegram - there are many interesting things. And join thousands of readers ForumDaily Woman и ForumDaily New York - there you will find a lot of interesting and positive information.