Friday, December 3

US inflation extinguished “everything for a dollar”

Higher prices will also allow the company to cope with high increases in merchandise costs, as well as higher operating costs such as wages, he said.

“(Dollar Tree) believes this is the appropriate time to move away from the $ 1.00 price restrictions to continue to offer extreme value to customers,” the company said in a statement.

Dollar Tree was one of the last true “dollar stores” after most of its competition moved away from that price.

The Chesapeake, Virginia-based company had reported in September that it was testing the higher prices at select stores.

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