Aside from introducing the multi-price assortment, the company will close approximately 600 Family Dollar locations. Dollar Tree purchased Family Dollar for $8.5 billion in July 2014, per CNN .

The price hike may be in response to the fact that in 2023, most of Dollar Tree’s shoppers came from households with a higher net worth and annual earnings of more than $125,000. Subscribe to ...

That will be the case for 3,000 stores, where CEO Rick Dreiling said Dollar Tree "expect[s] to expand our multi-price assortment by over 300 items at price points ranging from $1.50 to $7.". The ...

Dollar Tree said that it’s raising its price cap to $7 as it sees an influx of shoppers making upwards of $125,000 a year, according to the discount giant’s CEO. “This year, acros… ...

Dollar Tree is raising the maximum price of its items to $7 for the second time since last year. The dollar store retailer announced in its fourth-quarter earnings call this month that it is ...

The price cap on items at Dollar Tree stores will now be $7. In 2021, the company raised the base price of items from $1 to $1.25. The cap was also raised in June 2021 to $5 an item.

“Our transition to the $1.25 price point has enabled our merchants to greatly enhance value,” Dollar Tree CEO Michael Witynski said on a call with analysts Tuesday.

When Dollar Tree said it would raise prices to $1.25 after 35 years sticking to $1, some fans protested and industry analysts questioned the decision.