Dollar Store Chain To Sell Most Items At $1.25

CNN Business reports:

Dollar Tree will soon be $1.25 tree. The company — one of America’s last remaining true dollar stores — said Tuesday it will raise prices from $1 to $1.25 on the majority of its products by the first quarter of 2022. The change is a sign of the pressures low-cost retailers face holding down prices during a period of rising inflation.

Dollar Tree said in a quarterly earnings release Tuesday that its decision to raise prices to $1.25 permanently, however, was “not a reaction to short-term or transitory market conditions.” Selling stuff strictly for $1 hampered Dollar Tree, the company said, and forced it stop selling some “customer favorites.”

Read the full article. Per the linked piece, Dollar Tree first began offering items at more than a dollar several years ago. Despite that, right wingers on Twitter today are bleating that “Biden killed the dollar store.” The chain has over 15,000 locations and trades on NASDAQ.