Dollar Tree Hours, Inflation-fighting Items Will Cost More Than $1: Take more than a dollar next time you visit Dollar Tree. It plans to open more stores with products priced at $3 and $5. Also, regular stores will start testing prices above $1.
More than 15,800 Dollar Tree, Family Dollar, and it’s Canada locations in 48 states and five Canadian provinces are based in Chesapeake, Virginia, where the company began experimenting with prices above $1 two years ago.
Dollar Tree Hours, Inflation-fighting Items Will Cost More Than $1
By the end of 2021, Dollar Tree plans to open 500 stores and another 1,500 next year, based on “positive customer reaction” to the stores’ higher-priced offerings. In 2024, at least 5,000 stores are expected to open.
Art and craft, sports, home decor, apparel, and holiday and seasonal items will all be available for $3 and $5, according to the company.
The thrill-of-the-hunt for value at a dollar has been a staple of our business since the beginning of time, but our customers are telling us that they also want a wider selection of products when they come in to shop”. “Michael Witynski, CEO and president of Dollar Tree, made the announcement in a statement. “Over time, we believe that testing additional price points above $1 for it’s products will allow us to expand our assortments and introduce new products and meet more of our customers’ daily needs”.
Inflationary Pressures From Freight Costs
Witynski said last month that the company’s $1 price point for most products has been challenged by supply chain issues, higher freight costs, and other inflationary pressures.
After purchasing Family Dollar for $9.2 billion in 2015, it plans to expand its combo stores, which feature both Dollar Tree and Family Dollar logos on the front. According to the company, the number of combo stores will grow from 105 to more than 500 by the end of 2022, and up to 3,000 within a few years.
The company currently has more than 7,900 Dollar Tree locations.
Customers at Dollar Tree can expect great value for the money they spend,” says Dollar Tree’s CEO “Witynski made the comment. “It doesn’t matter whether the price is $1.00, $1.25, or $1.50; we’ll always keep our promise”.