I mean we all knew it would happen eventually!
Dollar Tree has announced they are raising prices in order to cope with shipping costs and inflation.
The CEO said in a statement, "Our brand promise is that customers get great value for what they spend at Dollar Tree. We will continue to be fiercely protective of that promise, regardless of the price point, whether it is $1.00, $1.25, $1.50." They also plan on bringing in higher-priced items to sell.
The CEO added, "We believe testing additional price points above $1 for Dollar Tree product will enable us over time to expand our assortments, introduce new products and meet more of our customers' everyday needs."