President Joe Biden’s 30 year-high inflation has caused Dollar Tree to raise prices by 25 percent on the majority of its products, the company announced Tuesday.
After 35 years of offering consumers, often “low-income consumers,” everyday products for just a dollar, Dollar Tree customers will have to fork over 25 percent more money, or $1.25, to purchase the majority of goods sold in Dollar Tree stores.
“We experienced a strong finish to the quarter, as shoppers are increasingly focused on value in this inflationary environment,” President and CEO Michael Witynski stated. “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. Accordingly, we