Discount chain Dollar Tree is raising its price cap to $7 in stores nationwide as inflation continues to affect shoppers across the globe.
“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,” said CEO Rick Dreiling on a company earnings call. “This expanded assortment will offer Dollar Tree shoppers a wider range of choices across a variety of categories, including food and snacks, beverages, pet care, personal care, and more.”
The cap originally shifted from $1 to $1.25 in 2021 before bumping to $5 this past June.
Related: Dollar Tree Is Closing 1,000 Family Dollar Stores
Dreiling explained
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