Dollar Tree will soon be $1.25 Tree. The company’s Family Dollar stores target mostly low-income shoppers in cities, and rival Dollar General has focused on rural areas. Dollar Tree has sold products at $1 for 35 years and was the last of the major dollar store chains to actually be a dollar store. Dollar Tree has lagged Dollar General and other discount chains. Although Dollar Tree said its decision to permanently raise prices was not a reaction to short-term inflation, one analyst was unconvinced.

Source: CNN November 23, 2021 18:37 UTC