Dollar Tree raises prices on items to $1.25

Dollar Tree AnnouncedTuesday’s announcement by the department of Commerce indicated that prices will rise from $1 to $1.25.

The company has been carrying $1 worth of goods for 35 years and is now increasing its prices by a quarter. The Hill reported.

In a statement, the company stated that they support the idea. “to continue offering extreme value to consumers.”The company stated that the decision was permanent.

Dollar Tree stated that the move was not in response to current market conditions and is not indicative of the times. It is, however, to reflect the changing times. “enhance the Company’s ability to materially expand its offerings, introduce new products and sizes, and provide families with more of their daily essentials.”

“The Company will have greater flexibility to continue providing incredible value that helps customers get the everyday items they need and celebratory and seasonal products Dollar Tree is best known for,”They were also added.

Dollar Tree stated that they are now able to get discontinued items in their stores due to the $1 price point.

“This new pricing strategy enables the Company to reintroduce many customer favorites and key traffic-driving products that were previously discontinued due to the constraints of the $1.00 price point,”They were also added.

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