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ABC‘s Derricke Dennis - September 29, 2021- KRDO‘s Afternoon News

September 29, 2021

Dollar Tree embedded in its very name what it stands for: Behind these doors, everything can be had for just $1.  But thanks to rising costs, that mantra is only mostly true.   The cost of clothes, cars, food and just about everything else has soared this year as the global economy emerges from a pandemic uppercut and Dollar Tree has not been untouched.  Last month the retail chain said that rising shipping costs would take a bite of $1.50 to $1.60 out of its per-share profits this year. That’s a huge hit for any business, perhaps more so for one founded decades ago steadfastly calling itself “Only $1.00 Inc.”  Raising some prices will certainly give the national chain some flexibility and likely more variety on its shelves. But then again a dollar this year will not buy you what it did in 2020.