Everyone seems to be talking about inflation and higher prices these days, so it should come as little surprise that one of America’s biggest dollar store chains is raising prices.
Dollar Tree has announced that it will up prices on most items carried in stores from its $1 price tag to $1.25.
Don’t blame inflation, though. The retailer says the move is due to its product offerings and being able to return to selling “customer favorites” it had to put on hold.
“This is the appropriate time to shift away from the constraints of the $1 price point,” CEO Michael Wityns said in a statement.
So, when will the higher prices kick in? According to Dollar Tree, customers will begin seeing the higher prices within the first three months of 2022. That means the prices will remain low for the 2021 holiday season.
The move comes after Dollar Tree recently announced it would begin selling $3 and $5 items in more of its stores.