Posted on 03/27/2024 11:34:58 AM PDT by Red Badger
Discount chain Dollar Tree has announced it will raise its price cap to $7 for some store items.
During a recent fourth-quarter earnings call, CEO of Dollar Tree Rick Dreiling shared, “This year, across 3,000 stores, we expect to expand our multi-price assortment by over 300 items at price points ranging from $1.50 to $7.”
Due to the ongoing inflation under the Biden administration, Dollar Tree was previously forced to raise their prices from $1 to $1.25 in 2021.
The $7 price cap will be implemented in the fourth quarter, and at the beginning of June, a $5 price cap will be temporarily set.
Dollar Tree’s announcement comes just weeks after the discount chain announced it would close up to 1,000 stores of its sister chain, Family Dollar.
Per USA Today:
Discount retail giant Dollar Tree said that it would raise the price cap in its stores to $7 in its fourth quarter earnings call earlier this month.
“This year, across 3,000 stores, we expect to expand our multi-price assortment by over 300 items at price points ranging from $1.50 to $7,” Dollar Tree CEO Rick Dreiling said in the call on March 13.
A $5 cap was set in June, according to Yahoo Finance. In 2021 the company raised the base price of items to $1.25.
The higher cost items will include food, pet and personal care items, though not all items will be at the $7 price cap.
As The Gateway Pundit previously reported, Dollar Tree, which owns Family Dollar, announced it would close 600 Family Dollar stores in the first half of 2024 and 370 stores within the next several years.
Dollar Tree also announced they will close 30 stores as their leases expire.
The news comes as the discount chain has faced difficulties maintaining profits due to inflation and facing significant fines for violating U.S. product safety standards after it was discovered Family Dollar warehouses were filled with live and dead rodents.
READ:
Family Dollar and Dollar Tree Plan to Shut Down 1,000 Stores:
https://www.thegatewaypundit.com/2024/03/family-dollar-dollar-tree-plan-shut-down-1000/
Hey, a “1” kind of looks like a “7”, especially in AAVE.
I love Dollar Tree. You have to go frequently to find new stock. I just loaded up on tuna and a while back they had “Hot” pickles from Van Houton. I didn’t realize they had added $5 items and for Easter candy I bought, what I thought, was a 1.25 bag of candy.
This is to commemorate the new $7 bill with Biden’s face on it. It’s worth a buck.
I remember the five and dime stores as well! However, I don’t think everything was 5 cents or a dime at those stores when I was a kid. Do you remember if they were ever in our lifetime? I’m 62.
You’re sure wound up tightly.
Agree, this is store whose time has come and gone.
yea, they had good screen names that went for a nickel
And the saps are still willing to vote for this POS,FJB, bionomics walking bones disaster!
You definitely could be right. I remember them but I wasn’t doing the buying at the time. lol. That was the good ole days when mom and dad payed the bill.
Way back in the day when I joined Free Republic I was trying to pick a screen name and no matter what I picked, it said that it was taken. So I thought I would try something absurd to see if it worked and it did. But, it turns out I was doing something else wrong like using a password that didn’t have enough letters or something. I went and changed password as well as the new test screen name and it went through. I finally figured out that it wasn’t the screen name that was taken. It was whatever the other thing was. It’s been so long I don’t even remember anymore.
Right up until a couple of years ago there was a lot of things, especially in the food area, that were either a really effective budget stretchers or pantry essentials.
Right up until South Africa totally shut down there was good canned food, especially fruit coming out of there. For years the best jams and jellys were coming from Poland. I was even getting Korean oysters there for awhile. I dont know where the lobster bisque was coming from but that was better than some of the stuff I had been served in expensive restaurants.
I still keep 3-5 gallons worth of quarts in shelf stable milk on hand. Cant even find this around here at other stores.
I havent been able to find giardiniera most places and when I can its the crap with the hot peppers in it. Last summer I was able to buy a couple of cases worth of the stuff without peppers from Egypt. Admittedly, they dont use regular vinegar and spices so when I open a new jar I transfer the vegetables to a jar full of extra dilled and garliced recycled pickle brine but it turns out better than anything I can buy.
Porky rinds are still a couple of pennies cheaper than that at the regular grocery stores.
Two weeks ago A1 original was almost $4/10oz bottle at Walmart, generic just over $3, but A1 Thick and Hearty (I like better) across the street at Dollar Tree was 2 5oz bottles for $2.50.
I know some might disagree with buying the smoked mussels there (china bad, oil bad, smoke bad) but I doubt those are doing me any more harm than snacking on a fistful of cookies would.
Mackerel? What else can you buy for a that little in one can and share with your dog and cat for lunch with all three of you being glad for it?
I really dont know about the items in the rest of the store but if you know what youre paying elsewhere then you can still find just as good if not occasionally better food items at Dollar Tree.
Not sure there’s ANYTHING at DollarTree that I’d pay 7 dollars for
Helium was discovered not far from where I live.......FWIW
Are you always like this? Or?
Classic!
Lot of good information there, will have to keep my eyes open, on my next trip. Thanks !
Just get ahead of the curve and rename the store “Ten Dollar Tree” and be done with it. Bidenflation will get you there soon enough.
Change the name. “DOLLAR’ Tree” is misleading.
It should be ‘Million Dollar Tree”.
Our Dollar Tree is closing. One of the 1000 that didnt pull its million dollar a year goal. Everything has been marked down to 1/2 price for liquidation.
When you buy a 5 pack of Gillette deodorant at COSTCO, you'll notice that upon peeling off the aluminum foil adhesive cover over the holes...you have to spin the wheel more than a dozen times before any of the product appears for use.
Not so when you buy them piece meal at the drug store or Dollar Store.
There is an FDA reg that says the actual weight of the product has to be within a certain percentage of the printed weight on the package. Had to send back 5 cases of Ivory bath soap because it didnt make the weight percentage.
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