Quote:
Originally Posted by DeanFL
News>
Dollar Tree, a favorite shopping option of bargain hunters, will raise its baseline price for items from its namesake dollar to $1.25, the company said Tuesday.
President and CEO Michael Witynski blamed inflation but insisted that Dollar Tree customers will roll with the price-tag punches.
“Our Dollar Tree pricing tests have demonstrated broad consumer acceptance of the new price point and excitement about the additional offerings and extreme value we will be able to provide,” Witynski said in a statement detailing third-quarter company earnings. “Accordingly, we have begun rolling out the $1.25 price point at all Dollar Tree stores nationwide.”
Most of the company's loyal customers understand the nation's struggles with inflation and supply chain slowdowns, and they are likely to stick with Dollar Tree despite having to shell out $1.25 for many items, Saunders said.
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Like it or not it is something we all deal with. The post does not say if they will keep the name. The name does have some value, long business history. DOLLAR TWENTY-FIVE TREE??? I've read that any publicity is good. I wonder. Will they be sued for false claims-probably. Will customers go to check out and discover they do not have enough money or credit card to cover all the stuff they bought -probably.
We were there a few weeks ago and it was still $1.00. TEASING a little. Time to stock up their stuff along with toilet paper? Where to stuff it all?