Inflation has put significant pressure on businesses, with the U.S. experiencing a 4.2% inflation rate in July, the highest in decades. This has driven companies like Dollar Tree, traditionally known for selling items at $1, to raise prices in response to rising costs, including shipping. To stay afloat, Dollar Tree announced it would begin selling products for more than a dollar, a decision that shocked investors. As a result, the company’s stock dropped by about 17% in a single trading session. CEO Michael Witynski acknowledged that while Dollar Tree remains committed to its core value of affordable pricing, customers have expressed interest in a broader range of products, prompting the price changes.
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