BREAKING NEWS! Coin.fyi has been acquired by VC firm Morningstar Ventures. Read More

Bitcoin
$58,046.74 1.07%
BTC · 6d

Dollar Tree hikes prices 25%. 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. The change is a sign of the pressures low-cost retailers face holding down prices during a period of rising inflation.

Dollar Tree (DLTR) 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." Raising prices will give Dollar Tree more flexibility to reintroduce those items, expand its selection and bring new products and sizes to its stores.

Dollar Tree also said that hiking prices will help the company increase its profit margins by "mitigating historically high merchandise cost increases," including freight and distribution costs, as well as wage increases.

...
Continue on amp.cnn.com
Recent news
BTC +1.07% · youtu.be · 2h

Daily Bitcoin News November 28th, 2021

Recap of everything Bitcoin for Nov, 28th 2021► President Nayib Bukele has bought the dip once again - acquiring 100 more Bitcoins! El Salvador now owns 1,10...
10
BTC +1.07% · twitter.com · 7h

Bitcoin will usher in a massive economic boom

1/ "Nobel prize" economists think that they can centrally plan money to manufacture economic growth.I'd like to make the argument that they are potentially very wrong, and that #Bitcoin will usher in ...
10
BTC +1.07% · youtu.be · 19h

Actually Useful Analysis - Onchain Data

Bitcoin price tested the Short-Term Holder Cost Basis EXACTLY as we predicted, which means the BULL MARKET is STILL ON TRACK! I also look at Futures to show ...
22
BTC +1.07% · exodus.com · 23h

The Bitcoin Bond: El Salvador makes History

El Salvador is setting up the world's first Bitcoin bond and will use it to fund the world's first Bitcoin city. Will this be bullish for Bitcoin in 2022?