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COVID-19 Map Tracker | COVID-19 News Features


Consumer Daily Reports

Dollar Tree store
Photo (c) jetcityimage - Getty Images
Dollar Tree won’t be changing its name, but it will be changing its prices. As indicated in September, everything in Dollar Tree will no longer be just a dollar. By the end of the first quarter of 2022, it will raise prices from $1 to $1.25 on the majority of its products in all stores. The company said this decision is permanent.

The discount chain kept its prices stable through the pandemic, but officials said it will need to move away from its everything-for-one-dollar pricing model to stay afloat. The price hike will help the company handle rising costs for distribution and give it the ability to pay higher wages. 

“Lifting the one-dollar constraint represents a monumental step for our organization and we are enthusiastic about the opportunity to meaningfully improve our shoppers’ experience and unlock value for our stakeholders,” stated Michael Witynski, President and Chief Executive Officer. “Guided by Dollar Tree’s same founding principles, we will be relentless in our commitment to offer our customers the best value possible."

What Dollar Tree fans can expect going forward

The new $1.25 price point will be on most of Dollar Tree’s items. The company said adding that extra quarter will allow it to expand its offerings, introduce new products and sizes, and provide families with more of their daily essentials -- most likely food items.  

The company also stated that many of the items it cut back on because of the constraints of the $1.00 price point will return. 

Dollar Tree fans in rural communities can also expect something positive from the company. Earlier this year, plans were confirmed for a major expansion of a new concept store that combines its namesake and Family Dollar banners into a single storefront at 3,000 locations across the U.S.

Company says consumers should be ok with the change

While costs may be the leading factor in Dollar Tree’s move, it said it didn’t go into this blindly. When the company first announced the likelihood that it was moving in this direction, it fielded a test-and-learn study in selected legacy Dollar Tree stores and said it was “very encouraged” by the positive feedback customers offered and how those stores performed during that trial. 

“When surveyed, 77% of shoppers indicated they were almost immediately aware of the new price point when visiting the store,” the company said in its Third Quarter Fiscal 2021 financial overview. 

“Additionally, 91% of those surveyed indicated they would shop Dollar Tree with the same or increased frequency. Many have also indicated they are seeing price increases across the market and that Dollar Tree is still providing the products they need at an undeniable value. As key traffic-driving products are reintroduced, the Company is confident that customers will be extremely pleased with the even greater value they will discover on store shelves.”



Posted: 2021-11-23 19:10:20

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Published: 26th Nov 2021 11:00:33   By: Consumer Reports

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Published: 19th Nov 2021 08:00:09   By: Consumer Reports

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Published: 23rd Nov 2021 01:00:17   By: CNET

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Published: 25th Oct 2021 03:06:00   By: FTCvideos

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Published: 14th Dec 2020 04:05:45   By: FTCvideos

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Published: 14th Dec 2020 04:04:51   By: FTCvideos

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Published: 5th Nov 2020 03:59:43   By: FTCvideos

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Published: 1st Dec 2021 11:30:04   By: Great Home Ideas

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DIY Video: How to Style Your Home With Indoor Plants | GARDEN | Great Home Ideas


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Melissa King shows you how to give your home a makeover using indoor plants. Click here to subscribe: https://bit.ly/3hxN7d5 Welcome to Great Home Ideas, where you’ll find inspiring home makeovers, delicious recipes, quick & easy DIY projects, design & gardening ideas, plus hints, tips, how tos and advice on pets, health, tech and more. Check out our channel & subscribe to see more videos like this one every day of the week.

Published: 29th Nov 2021 11:30:17   By: Great Home Ideas

DIY Video: Coastal Style Garden Makeover | GARDEN | Great Home Ideas


Related Videos On: Coastal Style Garden Makeover | GARDEN | Great Home Ideas


Adam Dovile and Charlie Albone team up to give a young couple a garden makeover in a style they are dubbing 'coastal cool'. Click here to subscribe: https://bit.ly/3hxN7d5 Welcome to Great Home Ideas, where you’ll find inspiring home makeovers, delicious recipes, quick & easy DIY projects, design & gardening ideas, plus hints, tips, how tos and advice on pets, health, tech and more. Check out our channel & subscribe to see more videos like this one every day of the week.

Published: 28th Nov 2021 11:30:08   By: Great Home Ideas

DIY Video: How to Blur the Lines Between Inside and Outside in Home Design | HOME | Great Home Ideas


Related Videos On: How to Blur the Lines Between Inside and Outside in Home Design | HOME | Great Home Ideas


Johanna Griggs and Pete Colquhoun visit an award-winning modern home in Queensland which seamlessly blurs the lines between indoors and outdoors. Click here to subscribe: https://bit.ly/3hxN7d5 Welcome to Great Home Ideas, where you’ll find inspiring home makeovers, delicious recipes, quick & easy DIY projects, design & gardening ideas, plus hints, tips, how tos and advice on pets, health, tech and more. Check out our channel & subscribe to see more videos like this one every day of the week.

Published: 27th Nov 2021 11:30:00   By: Great Home Ideas

Business Video: EU to Invest 300 Billion-Euros in Global Gateway Program


Related Videos On: EU to Invest 300 Billion-Euros in Global Gateway Program


The European Union is set to unveil it's Global Gateway program in which it will seek to mobilize 300 billion-euros for public and private infrastructure investments by 2027. The program is Europe's answer to China's Belt & Road initiative which began in 2013. Bloomberg's Maria Tadeo reports on "Bloomberg Markets: European Open."

Published: 1st Dec 2021 10:15:03   By: Bloomberg Markets and Finance

Business Video: China Plans to Ban Foreign IPO Loophole


Related Videos On: China Plans to Ban Foreign IPO Loophole


China's crackdown on foreign IPOs may be reaching its conclusion. Bloomberg has learned that Beijing is planning to close the loophole used by tech firms to list abroad. Bloomberg's Sofia Horta e Costa reports on "Bloomberg Markets: European Open."

Published: 1st Dec 2021 10:01:55   By: Bloomberg Markets and Finance

Business Video: Sales of Structured Credit Surge


Related Videos On: Sales of Structured Credit Surge


Bankers are repackaging assets and selling high-yielding debt instruments. So far this year, sales of structured credit, such as asset-backed securities and collateralized loan obligations, or CLOs, have grown at the fastest pace since the global financial crisis in the U.S. Bloomberg's Tatiana Darie reports on "Bloomberg Markets: European Open."

Published: 1st Dec 2021 09:56:31   By: Bloomberg Markets and Finance

Business Video: Primavera Capital's Hu on Chinese Tech Outlook


Related Videos On: Primavera Capital's Hu on Chinese Tech Outlook


Fred Hu, chairman and chief executive officer at Primavera Capital, discusses the outlook for Chinese tech companies and how they are dealing with regulations. He speaks with Bloomberg's Tom Mackenzie and Dani Burger on "Bloomberg Markets: European Open."

Published: 1st Dec 2021 05:55:48   By: Bloomberg Markets and Finance

Business Video: India Likely to Grow in Double Digits, Top Adviser Says


Related Videos On: India Likely to Grow in Double Digits, Top Adviser Says


K.V. Subramanian, chief economic adviser of India's finance ministry, discusses the prospects for the economy and policies. India's effort to boost consumption through government spending and low interest rates is paying off, with the economy gaining strength just as a new coronavirus variant emerges as the top threat to a global recovery. The South Asian nation remains on track to post the fastest growth among major economies. Subramanian speaks on "Bloomberg Markets: Asia."

Published: 1st Dec 2021 05:44:21   By: Bloomberg Markets and Finance

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