Dollar Tree Will Raise Prices Up to $7 in Stores
Discount chain Dollar Tree has announced it will raise its price cap to $7 for some store items.
During a recent fourth-quarter earnings call, CEO of Dollar Tree Rick Dreiling shared, “This year, across 3,000 stores, we expect to expand our multi-price assortment by over 300 items at price points ranging from $1.50 to $7.”
Due to the ongoing inflation under the Biden administration, Dollar Tree was previously forced to raise their prices from $1 to $1.25 in 2021.
The $7 price cap will be implemented in the fourth quarter, and at the beginning of June, a $5 price cap will be temporarily set.
Dollar Tree’s announcement comes just weeks after the discount chain announced it would close up to 1,000 stores of its sister chain,
