Dollar Tree is set to increase prices nationwide by the first quarter of 2022. However many stores have already made the change, including the Dollar Tree in Belmont. Dollar Tree is raising its prices for the first time since opening 35 years ago. Most items will increase from $1 to $1.25 by the end of the first quarter of 2022.
On Tuesday, Sept. 28, 2021, Dollar Tree Inc. announced a price increase in almost all its stores.
Another thing we asked ourselves was; why did Dollar Tree’s prices go up?
In case you’re wondering what prompted the rise in pricing, it could be heavily tied to the rise in freight and transportation costs . In late August, freight data and media site Freightwaves reported that Dollar Tree said high freight costs were impacting their earnings.
When I was researching we ran into the query “Did Dollar Tree raise their prices in December?”.
One source stated dollar Tree added the $1. 25 prices to more than 2,000 stores in December (it has around 8,700 US stores), and Coresight said in a report that its “decline in shopper numbers appears to coincide with its price hike.”.
How much will the Dollar Tree plus price hike cost?
An initial guesstimate making the rounds on social media put the price hike at about $1.50 per item, but the press release stated that might just be the beginning. The announcement projected that by fiscal year-end 500 Dollar Tree Plus stores would be “offering an assortment of value-priced $1, $3 , and $5 products.”.
Dollar Tree is going to start introducing products that are more than a $1. Isn’t the whole point of Dollar Tree that everything is a buck?
What is the price of $1 items at Dollar Tree?
The discount chain made headlines last year after announcing that most of its $1 items would soon be sold for $1.25 . It was the last of the major dollar store chains in the US to stand by its $1 commitment even as investors applied pressure for it to raise prices.
Because this is commonplace, Bodge said dollar store customers “already know to check prices before tossing an item into their carts.” But if you shop exclusively at Dollar Tree you might be in for a surprise —and so might Dollar Tree. Bodge said, “If a shopper is loyal to Dollar Tree only, this could be a shock.
Dollar Tree left many customers feeling angry and disappointed after it raised prices , CNN reported. According to the outlet, shoppers have been using various social-media platforms to express their feelings.
Does Dollar Tree price change’sadden’the scent Maven?
The price change ” saddened ” the Scent Maven, a video blogger who posts about her hauls at Dollar Tree and other stores, and will lead her to shop there less often. (She spoke under the condition that her name be withheld from the story to protect her identity.).