Dollar Tree Acquires 170 99 Cents Only Stores
Dollar Tree is moving into 170 former 99 Cents Only stores, marking a big shift in the discount retail landscape. The company announced Wednesday it's taking over leases in Arizona, California, Nevada, and Texas, with plans to reopen the stores under its own brand as early as fall 2024.
Dollar Tree Raising Max Price to $7 in Thousands of Stores
Get ready to pay more at your local Dollar Tree store. The company said it will now allow prices up to $7 at 3,000 of its stores across the country. "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," Dollar Tree CEO Rick Dreiling said in the company's recent earnings call. This is a big increase from the previous $5 maximum price that was just set last June. The base price for most items is also going up from $1.25 to $1.50.