Dollar Tree , To Start Selling Some Items, for More Than $1.<br />The pandemic has caused prices to soar in just about every industry, and Dollar Tree has felt the effects of it as well.<br />Last month, the company said <br />rising shipping costs would eat $1.50 to $1.60 of its per-share profits this year.<br />As a result, some locations <br />will begin selling items <br />for more than $1.<br />The retail chain had already begun testing increased prices at hundreds of its locations in an area of the store called "Dollar Tree Plus.".<br />Within "Dollar Tree Plus," some items can be found for as much as $5.<br />According to J.P. Morgan analysts, Dollar Tree executives previously said that stores offering a "Plus" section experienced a significant sales boost.<br />For decades, our customers have enjoyed the ‘thrill-of-the-hunt’ for value at one dollar - and we remain committed to that core proposition - but many are telling us that they also want a broader product assortment when <br />they come to shop, Michael Witynski, Dollar Tree CEO, via statement.<br />Witynski said that the company will still do everything it can to provide value for its customers.<br />We will continue to be fiercely protective of that promise, regardless of the price point, whether it is $1.00, $1.25, $1.50, Michael Witynski, Dollar Tree CEO, via statement
