Dollar Tree , Raises Price Cap to $7.
The $5 cap instituted in 2023 is increasing yet again.
.
The discount retailer made the announcement in its Q4 earnings call, 'People' reports.
.
The discount retailer made the announcement in its Q4 earnings call, 'People' reports.
.
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, Dollar Tree CEO Rick Dreiling, via earnings call.
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.
, Dollar Tree CEO Rick Dreiling, via earnings call.
CEO Rick Dreiling added that Dollar Tree's "fastest-growing demographic" earns an annual salary "north of $125,000.".
During the company's latest financial year, Dollar Tree opened 641 stores, operating over 16,000 locations "across 48 states and five Canadian provinces," 'People' reports.
.
In 2014, Dollar Tree bought Family Dollar for $8.5 billion.
It will now close about 600 Family Dollar locations.
400 more Family Dollar and Dollar Tree stores will close in the coming years, 'People' reports.
.
Moving forward, "$3 and $5 center-store merchandise [will be] available at approximately 5,000 Dollar Tree stores,".
And "$3, $4, and $5 frozen and refrigerated items available at more than 6,500 Dollar Tree stores.".
And "$3, $4, and $5 frozen and refrigerated items available at more than 6,500 Dollar Tree stores."
