Dollar Tree will start selling items more than a dollar. So they're essentially a bunch of liars now!
Due to inflation in the U.S. reaching 4.2% in July, the company is taking a bigger hit than they can handle, causing the company to raise prices of certain items. It seems they'll start with items that are priced between $1.25 and $1.50.
They've starting experimenting this idea with their Dollar Tree Plus stores that carried some items as high as $5, so something as small as a fifty-cent increase isn't as big of a deal.
Though the prices will go up, the company has said they are dedicated to quality products for the lowest price.
“We will continue to be fiercely protective of that promise, regardless of the price point, whether it is $1.00, $1.25, $1.50,” CEO Michael Witynski said.