Most items will cost $1.25 New York (CNN Business) 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.
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.”.
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.
You may be thinking “Is Dollar Tree raising prices in 2021?”
On Tuesday, Sept. 28, 2021, Dollar Tree Inc. announced a price increase in almost all its stores.
You might be wondering “Is a Dollar Tree still a dollar store if its prices go up?”
With inflation creeping up, discount chain Dollar Tree announced it’s going to start raising some prices and carrying more items that cost $1.25 or $1.50, as part of a test. The first Dollar Tree opened in 1986.
Why is Dollar Tree charging so much more?
John Strong, a retail professor at William and Mary, said the discount chain has been faced with “how do I find ways to purchase products that I can sell at a dollar.” Generic brands and smaller packages work, but only work for so long. By charging more than a buck, Strong said Dollar Tree will be able to stock items with higher profit margins .
While we were reading we ran into the query “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.”.
Should you shop at Dollar Tree or Dollar Tree?
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.
How do I contact Dollar Tree for more help?
If you can’t find your specific question or need more help, click on the “ I Need More Help ” button at the bottom of the page to contact us for more assistance. What is Dollar Tree’s merchandise return policy?
You can visit your local Dollar Tree store to purchase gift cards . You can also purchase gift cards online by visiting our Gift Card page. Making your large-quantity gift card purchases is most easily completed on our website . Something went wrong with my gift card.
What is Dollar Tree’s Return Policy?
So that we may continue to provide you extreme value when shopping at one of our retail stores, we reserve the right to limit quantities, do not offer refunds, and consider all sales final. We will gladly exchange any unopened item with the original receipt . When shopping online at Dollar, and tree. Com, all sales are final.
What happens if my order is incomplete at Dollar Tree?
When shopping online at Dollar, and tree. Com, all sales are final. However, if your order is incomplete, or your items arrived damaged, we will correct the problem . Simply call our Customer Order Support Center at 1-877-530-TREE (8733) so we can determine the best way to resolve the matter.