NEW YORK (AP) — Faced with the rising cost of goods and freight, discount retail chain Dollar Tree said Tuesday it will be raising its prices to $1.25 for the majority of its products. Dollar Tree said the reason for raising its prices to $1.25 was not due to “short-term or transitory market conditions” and said the price increases were permanent. Dollar Tree was one of the last true “dollar stores” after most of its competition had moved away from that price point. The company has about 8,000 Dollar Tree stores. “And they know that Dollar Tree hasn’t raised its price in 35 years, so they’re giving us credit.”

Source: Huffington Post November 24, 2021 03:43 UTC