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Dollar Tree breaks the $1 barrier as costs take a bite
AP ^ | Sep 29 | AP

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 ...


TOPICS: Business/Economy; Miscellaneous; News/Current Events
KEYWORDS: dollartree; inflation; yourmoney
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To: RandFan

We have a Dollar Tree in our area. I went in once. Came out with absolutely nothing.


21 posted on 09/29/2021 12:56:06 PM PDT by lucky american (Progressives are attac Iking our rights and y'all will sit there and take it.)
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To: RandFan

Hello Bidenomics, goodbye Dollar Store.


22 posted on 09/29/2021 12:56:56 PM PDT by Perseverando (Antifa, BLM, RINOs, Islamonazis, Marxists, Commucrats, DemoKKKrats: It's a Godlessness disorder!)
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To: GOPJ

Beat me to it!


23 posted on 09/29/2021 12:59:10 PM PDT by Cincinnatus.45-70 (What do DemocRats enjoy more than a truckload of dead babies? Unloading them with a pitchfork!)
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To: fortes fortuna juvat

I’ll have to brush up on my research, as stated above.


24 posted on 09/29/2021 1:00:03 PM PDT by Scarlett156 (I'm putting a confusing message here to strike fear into the hearts of my enemies. Take that! Ha! )
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To: GOPJ

We were in our local Cambodian-run donut shop the other day, and I told Little Flash A about the expression “betting dollars to donuts”, being so sure of yourself that you give the other guy heavy odds, by putting a whole dollar up against something dirt cheap.

I then told him “these days, take the donuts”. The small ones were $1.50 each.


25 posted on 09/29/2021 1:00:15 PM PDT by Flash Bazbeaux
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To: Dilbert San Diego

In Canada they could call it the Toonie Tree, but that’d be the equivalent of a buck and a half of U.S. dollars.


26 posted on 09/29/2021 1:00:47 PM PDT by Tell It Right (1st Thessalonians 5:21 -- Put everything to the test, hold fast to that which is true.)
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To: RandFan

I’ve looked thru their food aisles and I must say, if the SHTF badly enough and they survived, you could eat 3 meals a day for about $10. You’d be as unhealthy as hell but you’d eat.


27 posted on 09/29/2021 1:07:15 PM PDT by albie
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To: RandFan

Dollar-n-Change Store.....TM


28 posted on 09/29/2021 1:08:52 PM PDT by cranked
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To: noexcuses
Dollar Tree everything a buck...some items 2 for $1. Dollar General has higher priced items.

That explains why I often see luxury cars jammed in the parking lot by Dollar General. With bored servants sitting on the driver's side , waiting.

29 posted on 09/29/2021 1:14:17 PM PDT by frank ballenger (You have summoned up a thundercloud. You're gonna hear from me. Anthem by Leonard Cohen)
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To: RandFan

I was wondering when joe biden’s dollar would be worth 10 cents. Looks like it is now.


30 posted on 09/29/2021 1:19:26 PM PDT by I want the USA back (Dethrone the ruling elite. Redistribute their wealth. Take away their power. Annul their privileges.)
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To: Flash Bazbeaux

donuts up in price.....

There was a science fiction time travel story in which the guy tried to tell the one in the good old days how bad our future became. Maybe 1980s.

“You know 2 cents plain? (club soda or seltzer at old delis and lunch places).
“Yeah?”
“It’s a dollar.” (when Perrier started taking off in popularity)
///////////////////////////////////////////////////////
I remember 25 cent bagels. Yesterday the local place had them for $1.26 .


31 posted on 09/29/2021 1:21:12 PM PDT by frank ballenger (You have summoned up a thundercloud. You're gonna hear from me. Anthem by Leonard Cohen)
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To: frank ballenger

i prefer someone stay with the car and keep the air conditioning going while i shop... 😎...


32 posted on 09/29/2021 1:23:22 PM PDT by heavy metal (smiling improves your face value as well as making people wonder what the hell you're up to... 😁)
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To: Scarlett156; RandFan

Out here the 99 cent store now means the price ends in 99. $1.99, $2.99, $4.99 etc...


33 posted on 09/29/2021 1:27:59 PM PDT by monkeyshine (live and let live is dead)
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To: RandFan

They have shrunk their sizes and contents up to 50% I buy all sorts of cleaning supplies. Dish soaps and cleaning products are now half the size as they were. Many of the food products have vanished and those that are left are in bottles 1/2 the size as well. YAy Chomo Joe!!!


34 posted on 09/29/2021 1:30:23 PM PDT by Organic Panic (Democrats. Memories as short as Joe Biden's eyes)
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To: I want the USA back

Since Abraham Lincoln is on both the penny and the five-dollar bill, I suggest we put the Biden on the penny. And then, stop making pennies.


35 posted on 09/29/2021 1:31:01 PM PDT by monkeyshine (live and let live is dead)
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To: JennysCool

I think most “dollar stores” these days have items priced at more than a dollar. Fake discounted news.”

Some have. Dollar Tree has always been just a dollar.


36 posted on 09/29/2021 1:42:29 PM PDT by Andy'smom (Proud member of the basket of deplorables)
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To: monkeyshine

See???!!!! I was right!!!


37 posted on 09/29/2021 3:20:40 PM PDT by Scarlett156 (I'm putting a confusing message here to strike fear into the hearts of my enemies. Take that! Ha! )
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To: heavy metal

Oh, you dog, you. That’s the good life.


38 posted on 09/29/2021 3:42:03 PM PDT by frank ballenger (You have summoned up a thundercloud. You're gonna hear from me. Anthem by Leonard Cohen)
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To: RandFan

Dollar Tree’s sunglasses and cheater reading glasses have been a good bargain to me. Need to go pick some more up.


39 posted on 09/29/2021 3:51:39 PM PDT by Lockbar (Vlad the Impailer had all the answers.)
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To: Scarlett156
Lots of things at Dollar Tree cost more than a dollar!

No they don't - literally everything is $1.00. Even says on the wall in large lettering in every store "Everything's $1"

40 posted on 09/29/2021 4:18:46 PM PDT by Republican Wildcat
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