Dollar Tree used to actually stand for nearly everything in their stores being $1.
However, a few years ago, Dollar Tree raised their prices to $1.25 to accommodate for supply chain issues and to help combat inflation.
And now, Dollar Tree is changing prices back to $1 for hundreds of items! Here’s everything we know…
We all know that $1 used to go further especially when it came to shopping at the Dollar Tree and even though they only raised their prices by $0.25 each, it impacted millions of budgets.
The good news is, that dollar will begin stretching further thanks to Dollar Tree’s plan to roll back hundreds of items back down to that $1 per item price.
A few weeks ago, the plan was announced to investors during a conference call from Dollar Tree’s CEO.
Dollar Tree’s chief merchandising officer Rick McNeely said Dollar Tree will now have about 300 to 400 products return to its original $1 price structure.
This even includes bringing back eggs that were previously pulled from stores when costs skyrocketed earlier this year.
So, when is this happening? We have no firm date. However, I wouldn’t be surprised if you started seeing items in your local stores priced back down to $1.
Now, keep in mind, this is not for every item in the store. Many items will remain at the $1.25 pricing.
Also, Dollar Tree Plus stores will have items priced at $2, $3, $4, $5 and up depending on the items being offered.
As of right now, we have no idea exactly which items will be taking a price cut but it will be exciting to see it happen.
So, what do you think? Will this change have you shopping more often at your local Dollar Tree? I know I will be!
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