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What’s in a name? Discount store Dollar Tree raises prices to $1.25
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Dollar Tree, a popular store among bargain shoppers in the US, has a small name problem in these inflationary times.
It plans to raise its prices from a dollar for typical items to $1.25, the company announced on Tuesday.
The retailer will introduce the new price point in more than 2,000 stores by December and complete the rollout across all of its 8,000 stores by the first quarter of 2022.
For 35 years, the company has managed to hold down prices through inflationary periods.
Dollar Tree is making its pricing increase amid the trend of rising inflation in a growing US economy, which in recent months has increasingly affected low-cost retailers that are struggling to maintain low prices.
But in a statement, Dollar Tree said: “The Company
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