Dollar Tree has drawn criticism from loyal shoppers following its recent price hikes. Some shoppers described themselves as feeling 'sick' over the new prices. The discount chain announced at the end of last year that most items would soon cost $1.25.
Its CEO Michael Witynski said the new prices would allow the company to withstand rising supply chain and labor costs, which were eating into profit margins.Some, according to CNN, have started calling the chain "$1.25 Tree" and suggested the store should change its name.
At the time of the price-rise announcement, Witynski pledged that they wouldn't go higher than $1.25.Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commentingBella Herndon, 15, died by suicide after watching "13 Reasons Why." Her dad's lawsuit against Netflix was dismissed, but he will appeal the decision.
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