TokyoTokyo Mon - Fri 10:00-18:00 +81 (368) 662-975
info@mountequitygroup.com

Dollar Tree forced to increase prices above $1 to combat rising inflation

Mount Equity Group Tokyo, Japan > News > Markets > Dollar Tree forced to increase prices above $1 to combat rising inflation

Chesapeake, Virginia (AP) —A nationwide chain store that promises everything for $ 1, Dollar Tree begins to bring more than $ 1 to its shelves.

The company said it was meeting customer demands this week, saying it would enable better product combinations by pushing up the $ 1 barrier.

But the dollar tree price changes that haven’t changed for decades are accompanied by inflation rising above 4% in July.

The cost of clothing, cars, food and almost everything else has skyrocketed this year as the global economy has emerged from the pandemic uppercut and the Dollar Tree has remained untouched.

Last month, retail chains said rising shipping costs would cost $ 1.50 to $ 1.60 from this year’s earnings per share. This is a huge hit for any business, and perhaps for a business founded decades ago, it categorically claims to be “only $ 1.00 Inc.”

“For decades, customers have enjoyed the” thrill of hunting “for the value of…

Read more…