The Dollar Tree is planning on setting their max price to $7… yup, $7.
The company’s CEO Rick Dreiling says, “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.”
“Over time, you will also see us fully integrate multi-price merchandise more into our stores so our shoppers will find $5 bags of dog food next to our traditional $1.25 pet treats and toys, and our $3 bags of candy will be found in the candy aisle,” Dreiling said.
This change came after back in June of 2023 the price was raised to $5 cap as reported by Yahoo Finance.
Will you continue to shop at Dollar Tree after the price raise?