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BIDENFLATION: Dollar Tree Makes It Official: Items Will Now Cost $1.25
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[quote:REaliZe:MV80OTYyODM2XzkwNzk0NzEzXzE3MTA1MUZB] [quote:samanthasunflower:MV80OTYyODM2XzkwNzk0NjE5X0Y2MDdEMkQz] [quote:Anonymous Coward 59075298:MV80OTYyODM2XzkwNzk0NDk0XzQzRUJGMDA4] this is trump's legacy trump spend 13 trillion on a fake pandemic and started a trade war the seed he planted grew into hyperinflation and that's what's happening now https://www.syracuse.com/business/2019/05/dollar-tree-dollar-general-raising-prices-above-1-due-to-trump-tariffs.html%3foutputType=amp Dollar Tree and Dollar General are both warning customers that prices will go up for U.S. shoppers due to rising tariffs in President Donald Trump’s trade war with China. Dollar General executives said the retailer was working with vendors to “mitigate the impact,” but said items will likely cost more in the future. “Even with these efforts, we believe our shoppers will be facing higher prices as 2019 progress,” Dollar General Chief Financial Officer John Garratt told analysts on a post-earnings call Thursday. "We expect that it will be impactful to both our business and especially to consumers in general,” Dollar Tree president and CEO Gary Philbin said in a statement. According to Business Insider, Dollar Tree has already begun quietly testing a “Dollar Tree Plus!” collection of products that cost more than $1 at some stores this month. [/quote] You seem to have some sexual fixation with trump. Biden's in office. This is the Biden economy. [/quote] :meantweet: [/quote]
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Dollar Tree said the reason for raising its prices to $1.25 was not due to “short-term or transitory market conditions” and said the price increases were permanent. The higher prices will also allow the company to cope with high merchandise cost increases as well as higher operating costs, such as wages, it said.
“(Dollar Tree) believes this is the appropriate time to shift away from the constraints of the $1.00 price point in order to continue offering extreme value to customers,” the company said in a statement.
Dollar Tree was one of the last true “dollar stores” after most of its competition had moved away from that price point.
The company, which is based in Chesapeake, Virginia, said in September it was testing the higher prices at select stores. On Tuesday, it said it will introduce the new price point in more than 2,000 additional Dollar Tree stores in December and complete the rollout to all its stores by early next year. The company has about 8,000 Dollar Tree stores.
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