Dollar Tree Raising Prices

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Dollar Tree previously raised their prices by 25% in 2022, increasing from $1 to $1.25. Last year, in 2023 prices further increased to $1.50, with some items reaching $3 and $5.

Dollar Tree merged with Family Dollar in 2015, to grow like bigger retailers like Dollar General and Walmart.

The impact of these price hikes will affect families who live in rural areas and also depend on dollar tree cheap products.

Dollar Tree is closing 30 stores, while 970 Family Dollar stores will be shutting down at the end of this month.