Dollar Tree, a last holdout to rising prices, is giving in due to inflation and supply shortages. Will shoppers accept it?
If stopping by a dollar store is on the to-do list in the coming weeks, don't be surprised if you have to dig a little bit deeper into your pocket or purse at checkout.For three decades, Dollar Tree was the one store where bargain shoppers like Willa Davenport knew everything would cost $1.Last October, she found canned food for a dollar, greeting cards for a dollar and party supplies for a dollar.
"Prices go up for everything," she said."You can only get things for a dollar for so long. I knew it eventually was going to happen." By May, Dollar Tree says all its stores will have raised prices to $1.25, with a few items costing even more. However, CEO Michael Witynski said the store is still providing"an undeniable value." He added that the store offers great deals whether the item is $1.00, $1.25 or $1.50.But other shoppers, like Shannon Carr, are lamenting the loss of one of the last holdouts to rising prices.One nugget of good news: greeting cards are still $1, which is one-fifth the cost at chain drugstores. .Page-below > .RichTextModule {display:none;} .Page-below .
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