Posted on 09/29/2021 12:22:08 PM PDT by RandFan
CHESAPEAKE, Va. (AP) — Dollar Tree embedded in its very name what it stands for: Behind these doors, everything can be had for just $1.
The mantra to which the Chesapeake, Virginia, company has held true for decades will now be only mostly true.
After expanding nationwide from only a handful of stores in Georgia, Tennessee and Virginia, Dollar Tree is breaking the mold and will sell items in some locations that exceed the tantalizing $1 grab-n-go price.
The cost of clothes, cars, food and just about everything else has soared this year as the global economy emerges from a pandemic uppercut and Dollar Tree has not been untouched.
Last month the retail chain said that rising shipping costs would take a bite of $1.50 to $1.60 out of its per-share profits this year. That’s a huge hit for any business, perhaps more so for one founded decades ago steadfastly calling itself “Only $1.00 Inc.”
“For decades, our customers have enjoyed the ‘thrill-of-the-hunt’ for value at one dollar - and we remain committed to that core proposition - but many are telling us that they also want a broader product assortment when they come to shop,” said CEO Michael Witynski in a prepared statement.
(Excerpt) Read more at apnews.com ...
Now that’s not good reporting: Lots of things at Dollar Tree cost more than a dollar!
Dollar Tree everything a buck...some items 2 for $1.
Dollar General has higher priced items.
So now China owned dollar tree is raising its prices on pre copied ballots due to bidens inflationary policies?
I’ll have to do some research. *counts change and single bills in wallet* I can buy..... three things!
I think most “dollar stores” these days have items priced at more than a dollar. Fake discounted news.
Not a big deal to a person who remembers five and dime stores...
Rock solid journalism there. We need more of this.
Maybe they need to change their name.
“The Inflation Adjusted Pricing Store” has a nice ring to it.
many are telling us that they also want a broader product assortment when they come to shop,” said CEO Michael Witynski in a prepared statement.
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Well, CEO Witynski, why don’t you tell those who “want a broader product assortment” to go down the street to Walmart or across the street to the Dollar General?
Hope this stupid move backfires big time!
Guess they’ll be changing their name to “Buck an’a Quarter”
I remember when the local five and dime had to change it’s name to the dollar store.
Now that’s not good reporting: Lots of things at Dollar Tree cost more than a dollar!
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Not at the four different ones I shop at. In fact, I’ve never seen a product at any Dollar Tree priced over one dollar!
I think most “dollar stores” these days have items priced at more than a dollar. Fake discounted news.
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Most dollar stores do, but NOT the Dollar Tree. I know that because I’ve shopped them all over the country for many years.
Dollar General is more a general store with food. Dollar tree is a straight up $1 Chinese junk store.
I think you are thinking about “Family Dollar” which is a direct competitor to Dollar General.
Not too long ago, the burger chain Carl’s Jr. offered what it dubbed the Six-Dollar Burger—a burger that cost about $2:50 but was supposedly the equivalent of a six-dollar burger at a fancy restaurant. Now, with the price of the Six-Dollar Burger shooting way past six dollars, it has been renamed the Thick Burger.
My juvenile humor takes a hit on this. I can no longer hold up an item and tell the clerk it’s not marked and ask how much is it?
Honestly if I were them I’d just rebrand as the Two Dollar Tree
Have a special aisle where things are still under $2
They can buy some time if they change their name to “Deuce Tree”, meaning bring your $2 bills, or telling us that items cost $2 or less.
I like it, but it probably won't sell in the Nothing to See here media.
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