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Michael Witynski

Business
Dollar Tree Announces First Permanent Price Increase In Decades Dollar Tree Announces First Permanent Price Increase In Decades
Dollar Tree Announces First Permanent Price Increase In Decades Dollar and a Quarter Tree? For the first time in more than three decades, Dollar Tree announced that it will be increasing the prices for most of its items up to $1.25 as the country contends with surging inflation rates. In recent years, dollar stores have been veering away from that moniker, with many upping prices to as much as $3 or $5 for some items. The new prices are expected to be rolled out to each of the company's 8,000 stores by early 2022 after the company tested higher-priced items for months, to which officials said there was a “positive customer reaction,” after attempting…

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by Zak Failla
Business
COVID-19: Dollar Tree Will Sell Items Over $1 Amid Supply-Chain Issues, Freight Costs COVID-19: Dollar Tree Will Sell Items Over $1 Amid Supply-Chain Issues, Freight Costs
Covid-19: Dollar Tree Will Sell Items Over $1 Amid Supply-Chain Issues, Freight Costs Discount chain Dollar Tree is poised to start selling some merchandise at prices above $1 amid COVID-19 pandemic-related global supply chain issues. The discount chain said it wants to begin adding price points above $1 in selected legacy Dollar Tree stores, in addition to offering $1, $3, and $5 products across its Dollar Tree Plus stores. "Our brand promise is that customers get great value for what they spend at Dollar Tree," CEO Michael Witynski said in a statement. "We will continue to be fiercely protective of that promise, regardless of the price point, whether it is $…

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by Nicole Valinote