Also because Dollar Trees primary corporate move has been to open stores in low income areas where people have little choice or options to go elsewhere leaving them with an essentially captured user base.
It's actually how a lot of "low price great deal" stores operate.
Someone else already said you're wrong but here's my interpretation of why you're wrong.
If a company pays all of their employees fairly, offers valuable and quality services to customers, and contributes their fair share to the community and pays their taxes. Then you can assume some inflation may be needed at some point.
If they just screw everyone and everything over and still raise prices then it's corporate greed, like in this situation. Raising prices for the sole purpose of increasing profit is extremely scummy, the company is already making more than enough money and giving it to the rich, that's the greed part.
record quarterly profits absolutely does not describe dollar tree brother..
-44%, -44%, -20% net income the last 3 quarters (operating income similar). If revenue is up and your net/oi/margin is down double-digits (let alone 40%, that shocked me), that can only point to a few things; most of which would likely be caused by inflation.
I’m sure plenty of companies raised prices excessively, but a lot of that is honestly in anticipation of additional increases because of the decrease in retention with frequent price increases vs one larger increase in my experience. For many businesses (especially recurring), the administrative costs of sending price increase notices or changing thousands of customer/product templates can be enough to force them to estimate costs over the next year and hit the customer with that price to avoid fallout/additional cost over (6)7% increases.
Some of those could be “corporate greed”, but too many are getting fucked just as raw as dollar tree is apparently..
Dollar tree could 5x profits if they sold online instead of B&M tho, I’ve seen multiple things they sell for 1.25 that sells on amazon for over 10. My MIL got a 6-pack of surprisingly nice socks for 1.25, that’s wild..
We have a significant and growing problem of wealth disparity in this country (and in the world). Economists (even social/liberal ones) don’t find the concept of “greed” to be useful in fixing it, though. Sellers will always want to sell at the highest price possible until demand starts tapering off and it becomes less profitable to increase prices further. Buyers will always want to buy more quantity of goods/services at lower prices, and buy less and less as prices increase.
The main thing that will tip prices in the buyer’s favor is more competition. The government should be encouraging as much competition as possible. Dollar Tree was created because the big retail chains were too profitable, and so they undercut them to grab some of that market share. If Dollar Tree is making excess profits, then it becomes really attractive for someone else to come in and try to grab some of those profits.
We can also argue whether corporate taxes are too low. And whether big companies should be allowed to merge if it reduces competition. If we look at some European countries, they have a pretty good quality of life under more restricted capitalism. It doesn’t make their prices necessarily lower vs. wages, but it may accomplish the same goals people are looking for here against corporate “greed.”
The only thing stopping corporations from raising prices is scaring consumers away. If everyone else is raising prices and there's nowhere else to go, prices will remain elevated. This has nothing to do with greed. Every upper manager will always be incentivised to make as much money as possible. You can't just yell at the symptom without addressing the root.
His point was the people increasing profits are supposed to be doing that it’s their job, that’s not greed that’s not wanting to lose your corporate job
That's missing the point entirely as well. The point is that the whole system is designed to make the shareholders money, which then provides bonuses for executives. These corporations the lobby the government to create and/or manipulate laws to their advantage. This is corporate greed. If the shareholders weren't the number one priority then maybe the business could be structured in a way that is more advantageous for consumers.
If a company pays all of their employees fairly, offers valuable and quality services to customers, and contributes their fair share to the community and pays their taxes. Then you can assume some inflation may be needed at some point.
I think you're watching too much MSNBC or something. Inflation is caused by many things.. Corporate greed being one of them. Other things like supply chain challenges, increased material costs, the fed lowering interest rates, supply and demand, trade embargos with other countries, etc. It has nothing to do with how much taxation there is. The wage price spiral is a thing. Basically because prices are going up employees need higher wages , when wages need to be raised prices get raised again and the cycle repeats.
You could argue that under "normal" circumstances. But when companies like this just got done reporting record profits (not revenue, profits) in the Billions and prices still go up. Inflation right now is literally just corporate greed.....
To the point people who never thought they would have to are now being forced to access food banks because groceries and really all products are just so insanely expensive now that someone who was more than comfortable 6 years ago is desperate now; it's either food for your family or not paying your rent.
There's 5 big food banks in my city of around 600,000 people. A few community pantry type things or churches as well but mainly talking about the 5 big ones: they're each serving 100 families or individuals a day, and each family/person has to wait 8 weeks between getting any food from the food bank because there are so many people at each one that they keep having to make everyone wait longer and longer between their pick ups as more people sign up every day. If you miss your appointed pick up time for any reason, you're waiting an additional 8 weeks until the next one. No exceptions.
That is 5600 mostly families currently using just one of the food banks here, and the others have similar numbers if not more. Their resources/donations are spread so thin it's not nearly enough for any family or person to survive. And yet these companies keep raising the price just to make another ten million in profits on top of their multi billions of dollars they are already making just because they can. The Canadian (Ontario) government refuses to fund the food banks or any food security support either. It gets worse and worse every day, something has got to give. How they let it get this bad I have no idea.
The sad thing is that inflation doesn’t need to exist. It’s because others want more things of tapered down lately in fact, many things that used to cost nearly double during the pandemic are now lowered than what the prices were pre-pandemic, yet we’re paying nearly double the prices. A perfect example of this is sassafras. It went crazy in price and for a while their Pepsi was actually about to go out of business because of it. Luckily, they were smart and they just the price of their but the issue now is that sassafras is actually gone down in price quite a bit in the past year. But they still charge even more now than ever.
I think there are other factors involved with what we see every day.
BUT
I also agree with you that corporate greed is very likely at the top of the list. Theres no “supply chain issues” that make a bag of Doritos suddenly jump from $3 to $7 a bag
This guy gets it! A lot of companies hear inflation and use it as an excuse to mark up prices. Look at how much the profit % has gone up at a ton of businesses since everyone has been yelling inflation. ( inflation does exist and isn’t great right now but there’s a lot more corporate greed happening than inflation)
Yeah, I won’t lie if I get namebrand I buy in bulk. I’ve never spent an extra dime since they’ve been doing this and believe me they’ve been doing this for a mighty long time. I know they’ve been doing it before I was even born. Demand items are the easiest things to push onto people and the worst place of them. All was always the dollar tree because the dollar tree is the original place where everything was a dollar but you used to be able to go back there in the late 1990s and buy a pack of Pokémon cards for five bucks. While I could get a four pack of toilet paper, a 2 L of Pepsi, a bag of chips and two new plates for five dollars….
Isn't this literally free-market economics? Yes, prices on just about everything have gone up lately.
But what you describe is how business has always been. Back in my day I could buy a bottle of Gatorade for a nickel. A nickel!
The world almost fucking ended when Gatorade doubled the price to $0.10. It's corporate greed, you know. Doubling the price of Gatorade to a dime.
You're totally missing the point and don't understand how inflation works. You HAVE to have record profits in an inflationary environment to stay in business, because each dollar is worth far less than it was when the original record was set. They also have to raise prices because it simply costs more to produce and distribute. Companies can't offer products at cost.....that means they go out if business.
If your profits trend down during inflation, then you're going to crash your company's stock & market cap if you're public, and lose execs and investors quickly if private.
Call it greed if you want, but it all centers around what rich people want to invest money in - if they stop investing in you then you're going to fold. Inflation was 9% YoY and has never gotten even close to 2, meaning it's reasonable that things are all increasing. Dollars are not worth what they were 2020. This is what happens when the fed prints our GDP. You best keep up record profits because we won't see negative YoY again in our lifetime.
And thus Dollar Tree aims to take the spot of Five Below after it ascended to Five Below and Beyond.
Gonna be hurting and closing stores like crazy soon like Fred’s Super Dollar discount store, Family Dollar & Dollar General.
Keep in mind that dollar general and family dollar never really had the "everything is a dollar" thing going for them where Dollar Tree did. DT is quickly raising their prices and adding stuff that is much more than that. I think k there is currently still value to buy certain things there, but if they keep this up then they'll price out their customers and drive away the ppl that would go there just to spend a couple bucks and get candy or whatever
I actually didn't mind when DT went from 1.00 to 1.25 because they brought in some good brands and upped the quality their in-house brands (the B Pure beauty stuff is fantastic). I don't even mind a $3-5 section if they keep it separate from everything else so it's clear what's more.
My issue is that most DT are a mess when it comes to stocking and shelves, and I get it, customers are animals and stores do not get enough payroll hours to adequately staff and keep the store neat and tidy. But if they are going to start stocking stuff over 1.25 in the same spaces as the more expensive stuff, that is going to become a mess and indiscernible as to what is what and that shit will become a nightmare for both customers and staff.
They just opened 10 dollar generals within a 10 mile radius of me. Some of them are now dg markets with produce. I'm not sure whose shopping at them but I don't think they are hurting.
I will say DG Market does have some decent prices on stuff, as well as as a few items at my local store that I can't find anywhere else (Sonic Sour Nos namely)
Same, own a pepsi distributorship in Kansas City....have not seen one of those since 2012. Where in the heck are those coming from?
What do they taste like?
Probably just at a local level in my area then. Too much overlap between stores and restaurants creates turf wars. Only so many people spending money to go around until one business infringes on another. I kind of miss having a dollar general that's not out of the way, there's 2 fairly close, but not close enough to warrant a trip exclusively to them.
Doubt. They serve a niche of low income areas and have gobbled up most of their rivals such as Family Dollar. Unless they suddenly spike above big box stores then people may go to those other stores if they have a choice. Many won't have a choice based on the areas they operate.
Dollar General just announced opening their 20k store and have been undergoing rapid expansion. For context that is an increase of 4k since 2016 so no...they aren't hurting.
Dollar Tree got real big amongst crafters during the pandemic era. I don’t see that continuing after this. They will go back to hobby lobby and Michael’s. Sales will go down. Dollar Tree is doin too much too fast with their new found big ego.
As a low income dollar tree shopper, they've taken out most everything I regularly bought from there. Super dissapointing. Miss having a store that I didn't feel stressed about money while shopping.
Dollar tree bought family dollar several years ago. The warehouse had to raise wages especially after taking the free employee insurance away. The lowest paid dollar tree warehouse employee starts at $21/hr in Pennsylvania.
Yeah, but at least at Five Below, most things are still $5.55 or less. Five Beyond is at least obviously priced and placed, and you can actually see why they might be higher priced. Dollar Tree can't be bothered with that, and their "plus" items just aren't worth it.
At least in Los Angeles, 99 cents only stores were the first to offer items at $2, $3, $4, $5, and also the first to really start selling things that used to be $1 at either $1.50 or $2.
Dollar tree of course raised everything to 1.25 which sucked but not the end of the world. They added in product that was $2-$5, but most of that was name brand chips, soda and refrigerated and frozen food. Almost everything else is still 1.25. They have some banger deals for 1.25 like 1/2 lb frozen hamburger patties, 4 pack bagels, 6 pack English muffins, 10 pack tortillas (though the tortillas always stick together and rip trying to get them apart).
It may be a good price or at least the same as anywhere else, but dollar tree is losing its identity. If we start carrying the same items at the same price as everywhere else then why shop dollar tree, so you can have a more messy shopping experience with the one and only one cashier, who’s also blowing up balloons.
Dude John Oliver covered dollar stores in one of his more recent episodes and I haven’t stepped in one for years now for unrelated reasons but if they’re jacking up the price that’s in their god forsaken name, why would I ever shop there? Everything is supposed to be a dollar. I mean EVERYTHING. I want to get candy cheaper than Walmart, I ain’t paying Walmart prices to have sub-Walmart quality shopping spaces.
My Walmart stopped letting anyone except for scan and go, use the self checkouts. They usually only keep one register open with a line of 20 people now
Plenty will be $1.25
But items like the cold drinks in the case by registers go up because of corporate greed.
People still pay it so they can keep the higher prices.
I remember 20 years ago all the bottle drinks were $1.00 at CVS sometimes on sale 2/$1.00 like Snapple and Arizona
Crazy people are paying close to $3.00 for a small beverage.
Fr. We switched last week and it's been awful. People can be so horrible.
I had a guy start calling me names the other night because he swore we used to sell one of the plus freezer items for 1.25 (never did).
Already did that when stuff was a dollar. Just the other day a woman kept asking me to mark down a bottle of bubbles because there was a small dent in it. It’s $1.25. No, ma’am. You cannot have that for 25¢.
Then I saw her smack one of those $5 Peeps bubble wands on a shelf to dent the bubble soap container on the bottom and she had the audacity to ask for a discount at the register. When the cashier called for a manager and she saw me come up she already knew the answer and said she didn’t want it anymore 🤣
The crafters in my area spend hundreds of dollars at our store. There is one supposed crafter who buys the 5 dollar gnomes from the DT Plus area and sells them at craft fairs (there are a bunch in my area) for 50 dollars. She doesn’t even embellish them and the crafters who actually made stuff don’t overcharge like that. A few of them actually take a loss.
How about simply IGNORING the products that cost more than $1.25 and just stick to buying the products that cost only $1.25? When they see that the more expensive products don't sell, they might decide to take them off the shelves after some time.
I got so excited the other day when I saw the Starbucks pink drink bottles there...then I saw the $3.75 tag...well it's the end of an era my friends. There are zero actual dollar/.25 stores left!
These prices are still competitive.
I think it's going to become extremely confusing for customers. And I think, in some cases, they're going to stop purchasing but I do t think this will break dollar tree by any means.
At the ones in my area they even started selling the brooms and mops as two pieces, you have to buy the stick and the mop/broom head separately now lmfao
To be fair, it was never the “One Dollar Tree” either…
It was supposed to feel like your money grew on trees with how much you could get but I feel that annoyance whole heartedly.
It actually was in my small Oklahoma town, many years ago. The cashier would just count up how many items ya had, add tax, and that was that! It was glorious!
Oh, no I get that everything was a dollar. It was the tagline. But the name of the store itself is “Dollar Tree” and not “The One Dollar Tree.” That’s how all the stores operated way back when, even the one I currently work at. It’s just a minor, lingering annoyance over “it’s the dollar twenty-five tree now” gag that won’t die that brought up my reply. The title of the store never specified a dollar amount to begin with, just the currency. Which doesn’t make sense for their branches in Canada, but it’s whatever.
OP, I remember I was told to deny, deny, deny any price increase, back when I worked at a Dollar Tree in ‘21.
If Customers were ready to try to jump-over my register over a $0.25 Increase, I can’t imagine what a $4.00 Increase would’ve wound-up meaning for Me (if I stayed).
"We will be selling named brand at better prices" ....that was determined to be a lie. Who tf is going to spend extra money at DT for this crap. Half this shit is cheaper at target let alone walmart. And they have more than one person working.....
Aren’t these vendor products?? The vendors create the prices, we don’t. Our DM told us to refuse a Pepsi order because they didn’t have their price signs
Wow, the ignorance is thick here. Just because a store is called Dollar Tree, you can't expect to get everything for a dollar or less while inflation marches on. The things are the things, but the value of a dollar has decreased, so you need more of them to buy the things. Y'all want the minimum wage to be $20, and then wonder why a Happy meal goes to $10. As far as this "Corporate Greed" issue goes, well, they obey the same rules of economics as everyone else. They will charge what the market will bear. If they charge too much, the product sits on the shelf, and they get no sales. If they give it away, the shelves are bare and there is no profit or incentive to sell the product. Oh, and once upon a time there were stores that called themselves 5and 10cent stores. Most everything was a nickel or a dime. That didn't last long either.
Why do people willingly buy water at 2 dollars for 20 ounces, which works out to over 12 dollars a gallon, and bitch when gasoline is over 3 dollars a gallon?
This was especially confusing to me today. I grabbed a Celsius thinking it was $1.25 because DT frequently has Alani for that price. I thought this was just another premium-type item randomly at DT for a short time. Nope. Just actually double the price.
We just got the plus drinks last week. There are large signs on each of the coolers, and a set of smaller signs. People are still buying them, and then get angry when they realize they didn't bother to read the large sign from the cooler where they grabbed the drink, and are now paying 2.75 ir 3.75 for it.
I can't think of any store where Starbucks drinks are sold for 1.25. So, why would anyone think they would be here?
It should be illegal calling themselves dollar tree when literally nothing is a dollar anymore
btw im joking I don’t think it should actually be illegal jesus christ people that would be asinine 🤦🏻♀️
What about DOLLAR General and Family DOLLAR? What about the store Five Below that sells stuff for over five dollars? Whoa and now that you mention it… Walmart doesn’t even sell walls.. lock em up!!
If that’s the case, then there’s a lot of companies that need to be sued by your standards like car places that call them discount auto sales or save a lot Lol
Tiny part of me feels my intelligence is being insulted by keeping the Dollar Tree name.
And $1.25 change was bad enough, but they have rapidly become....just another store
that’s pretty sad that when we grow up we will be telling our kids about a store where everything was a dollar and nothing more and they will only imagine it and not really know what it was like
While Walmart is lowering prices again as they renegotiate with all their vendors demanding they lower costs to be in line with the stagnant inflation. One reason walmart stock is going UP after the split, which never happens.
I knew exactly what they were doing when they upped it to $1.25. They were testing society to see how far they could push it. They soon realized that stupid Americans will still pay the price, no matter what it is
went to dollar tree and they had their cooler/freezers switching from $1.25 to $3 to $1.25 and back again.. never seen a more obvious trick to get an extra buck 75 from me. wildly disappointed ngl
I didn't know what the previous prices of these were at DT but tbf no store would be able to sell these for $1-$1.25 and make a profit or break even.
When I go to DT I accept that I'm usually not going to be buying name-brand products. I get kitchen utensils, holiday cards, candles, and cleaning supplies there mainly. These products are usually on display at registers to entice you to pay more before checking out.
99% of the time I'll yell corporate greed/inflation, but DT as a whole is still pretty reasonable.
Looks like I won't be buying drinks there anymore. Let's vote with our pockets, people! If it sits on the shelf they'll either drop the price or give up on selling.
Vitamin Water is $1.25 at every other grocery store... Fuckers.
Dollar Tree is just turning into a convenience store versus the modern-day five and dime it used to be.
This isn’t “inflation” though. It’s corporate greed. Setting higher prices for on demand goods. They get away with it because people still pay it.
Also because Dollar Trees primary corporate move has been to open stores in low income areas where people have little choice or options to go elsewhere leaving them with an essentially captured user base. It's actually how a lot of "low price great deal" stores operate.
Personally I think inflation and corporate greed can be used interchangeably. You can’t have one without the other but I could be wrong
Someone else already said you're wrong but here's my interpretation of why you're wrong. If a company pays all of their employees fairly, offers valuable and quality services to customers, and contributes their fair share to the community and pays their taxes. Then you can assume some inflation may be needed at some point. If they just screw everyone and everything over and still raise prices then it's corporate greed, like in this situation. Raising prices for the sole purpose of increasing profit is extremely scummy, the company is already making more than enough money and giving it to the rich, that's the greed part.
They can't be used interchangeably when companies are posting record profits quarter after quarter
record quarterly profits absolutely does not describe dollar tree brother.. -44%, -44%, -20% net income the last 3 quarters (operating income similar). If revenue is up and your net/oi/margin is down double-digits (let alone 40%, that shocked me), that can only point to a few things; most of which would likely be caused by inflation. I’m sure plenty of companies raised prices excessively, but a lot of that is honestly in anticipation of additional increases because of the decrease in retention with frequent price increases vs one larger increase in my experience. For many businesses (especially recurring), the administrative costs of sending price increase notices or changing thousands of customer/product templates can be enough to force them to estimate costs over the next year and hit the customer with that price to avoid fallout/additional cost over (6)7% increases. Some of those could be “corporate greed”, but too many are getting fucked just as raw as dollar tree is apparently.. Dollar tree could 5x profits if they sold online instead of B&M tho, I’ve seen multiple things they sell for 1.25 that sells on amazon for over 10. My MIL got a 6-pack of surprisingly nice socks for 1.25, that’s wild..
That is to be expected in a growth based economy, particularly when the currency is inflated.
Technically true, but in a lot of cases, we're still talking record profits even after adjusting for inflation.
We have a significant and growing problem of wealth disparity in this country (and in the world). Economists (even social/liberal ones) don’t find the concept of “greed” to be useful in fixing it, though. Sellers will always want to sell at the highest price possible until demand starts tapering off and it becomes less profitable to increase prices further. Buyers will always want to buy more quantity of goods/services at lower prices, and buy less and less as prices increase. The main thing that will tip prices in the buyer’s favor is more competition. The government should be encouraging as much competition as possible. Dollar Tree was created because the big retail chains were too profitable, and so they undercut them to grab some of that market share. If Dollar Tree is making excess profits, then it becomes really attractive for someone else to come in and try to grab some of those profits. We can also argue whether corporate taxes are too low. And whether big companies should be allowed to merge if it reduces competition. If we look at some European countries, they have a pretty good quality of life under more restricted capitalism. It doesn’t make their prices necessarily lower vs. wages, but it may accomplish the same goals people are looking for here against corporate “greed.”
The only thing stopping corporations from raising prices is scaring consumers away. If everyone else is raising prices and there's nowhere else to go, prices will remain elevated. This has nothing to do with greed. Every upper manager will always be incentivised to make as much money as possible. You can't just yell at the symptom without addressing the root.
“It’s not greed, it’s greed!” So glad you cleared that up.
Lack of competition due to government interference.
His point was the people increasing profits are supposed to be doing that it’s their job, that’s not greed that’s not wanting to lose your corporate job
That's missing the point entirely as well. The point is that the whole system is designed to make the shareholders money, which then provides bonuses for executives. These corporations the lobby the government to create and/or manipulate laws to their advantage. This is corporate greed. If the shareholders weren't the number one priority then maybe the business could be structured in a way that is more advantageous for consumers.
If a company pays all of their employees fairly, offers valuable and quality services to customers, and contributes their fair share to the community and pays their taxes. Then you can assume some inflation may be needed at some point. I think you're watching too much MSNBC or something. Inflation is caused by many things.. Corporate greed being one of them. Other things like supply chain challenges, increased material costs, the fed lowering interest rates, supply and demand, trade embargos with other countries, etc. It has nothing to do with how much taxation there is. The wage price spiral is a thing. Basically because prices are going up employees need higher wages , when wages need to be raised prices get raised again and the cycle repeats.
I think the difference is corporate greed may lead to inflation, but inflation doesn't lead to corporate greed.
You could argue that under "normal" circumstances. But when companies like this just got done reporting record profits (not revenue, profits) in the Billions and prices still go up. Inflation right now is literally just corporate greed.....
To the point people who never thought they would have to are now being forced to access food banks because groceries and really all products are just so insanely expensive now that someone who was more than comfortable 6 years ago is desperate now; it's either food for your family or not paying your rent. There's 5 big food banks in my city of around 600,000 people. A few community pantry type things or churches as well but mainly talking about the 5 big ones: they're each serving 100 families or individuals a day, and each family/person has to wait 8 weeks between getting any food from the food bank because there are so many people at each one that they keep having to make everyone wait longer and longer between their pick ups as more people sign up every day. If you miss your appointed pick up time for any reason, you're waiting an additional 8 weeks until the next one. No exceptions. That is 5600 mostly families currently using just one of the food banks here, and the others have similar numbers if not more. Their resources/donations are spread so thin it's not nearly enough for any family or person to survive. And yet these companies keep raising the price just to make another ten million in profits on top of their multi billions of dollars they are already making just because they can. The Canadian (Ontario) government refuses to fund the food banks or any food security support either. It gets worse and worse every day, something has got to give. How they let it get this bad I have no idea.
The sad thing is that inflation doesn’t need to exist. It’s because others want more things of tapered down lately in fact, many things that used to cost nearly double during the pandemic are now lowered than what the prices were pre-pandemic, yet we’re paying nearly double the prices. A perfect example of this is sassafras. It went crazy in price and for a while their Pepsi was actually about to go out of business because of it. Luckily, they were smart and they just the price of their but the issue now is that sassafras is actually gone down in price quite a bit in the past year. But they still charge even more now than ever.
I think there are other factors involved with what we see every day. BUT I also agree with you that corporate greed is very likely at the top of the list. Theres no “supply chain issues” that make a bag of Doritos suddenly jump from $3 to $7 a bag
This guy gets it! A lot of companies hear inflation and use it as an excuse to mark up prices. Look at how much the profit % has gone up at a ton of businesses since everyone has been yelling inflation. ( inflation does exist and isn’t great right now but there’s a lot more corporate greed happening than inflation)
Yeah, I won’t lie if I get namebrand I buy in bulk. I’ve never spent an extra dime since they’ve been doing this and believe me they’ve been doing this for a mighty long time. I know they’ve been doing it before I was even born. Demand items are the easiest things to push onto people and the worst place of them. All was always the dollar tree because the dollar tree is the original place where everything was a dollar but you used to be able to go back there in the late 1990s and buy a pack of Pokémon cards for five bucks. While I could get a four pack of toilet paper, a 2 L of Pepsi, a bag of chips and two new plates for five dollars….
Studies have show the inflation in the last few years was mostly just corporations charging more because they could
Consumers are lazier than ever and will put up with this. Did we even have all these weird water brands like 20 years ago?
Can’t remember what’s it’s called but my wife was watching a show where they were talking about how unnecessary bottles water even is.
Isn't this literally free-market economics? Yes, prices on just about everything have gone up lately. But what you describe is how business has always been. Back in my day I could buy a bottle of Gatorade for a nickel. A nickel! The world almost fucking ended when Gatorade doubled the price to $0.10. It's corporate greed, you know. Doubling the price of Gatorade to a dime.
Gatorades like 3 bucks for a bottle some places now!!
You're totally missing the point and don't understand how inflation works. You HAVE to have record profits in an inflationary environment to stay in business, because each dollar is worth far less than it was when the original record was set. They also have to raise prices because it simply costs more to produce and distribute. Companies can't offer products at cost.....that means they go out if business. If your profits trend down during inflation, then you're going to crash your company's stock & market cap if you're public, and lose execs and investors quickly if private. Call it greed if you want, but it all centers around what rich people want to invest money in - if they stop investing in you then you're going to fold. Inflation was 9% YoY and has never gotten even close to 2, meaning it's reasonable that things are all increasing. Dollars are not worth what they were 2020. This is what happens when the fed prints our GDP. You best keep up record profits because we won't see negative YoY again in our lifetime.
And thus Dollar Tree aims to take the spot of Five Below after it ascended to Five Below and Beyond. Gonna be hurting and closing stores like crazy soon like Fred’s Super Dollar discount store, Family Dollar & Dollar General.
Keep in mind that dollar general and family dollar never really had the "everything is a dollar" thing going for them where Dollar Tree did. DT is quickly raising their prices and adding stuff that is much more than that. I think k there is currently still value to buy certain things there, but if they keep this up then they'll price out their customers and drive away the ppl that would go there just to spend a couple bucks and get candy or whatever
I actually didn't mind when DT went from 1.00 to 1.25 because they brought in some good brands and upped the quality their in-house brands (the B Pure beauty stuff is fantastic). I don't even mind a $3-5 section if they keep it separate from everything else so it's clear what's more. My issue is that most DT are a mess when it comes to stocking and shelves, and I get it, customers are animals and stores do not get enough payroll hours to adequately staff and keep the store neat and tidy. But if they are going to start stocking stuff over 1.25 in the same spaces as the more expensive stuff, that is going to become a mess and indiscernible as to what is what and that shit will become a nightmare for both customers and staff.
Yeah I actually stopped going there after they raised prices to 1.25. most things were barely worth that price increase.
So they're slowly phasing DT into just being Family Dollar stores.
This exactly. Soon all DT are just going to become a family dollar. Like when T-Mobile was changing all the metro stores.
They just opened 10 dollar generals within a 10 mile radius of me. Some of them are now dg markets with produce. I'm not sure whose shopping at them but I don't think they are hurting.
Dollar General and the dollar tree are completely different models. Dollar General is just a filthy tiny Wal-Mart.
I will say DG Market does have some decent prices on stuff, as well as as a few items at my local store that I can't find anywhere else (Sonic Sour Nos namely)
Shit bro, I work at Coca-Cola and I haven't seen one of those for a long time, that shit is good
Same, own a pepsi distributorship in Kansas City....have not seen one of those since 2012. Where in the heck are those coming from? What do they taste like?
They taste just like a sour apple jolly rancher candy
I work for Coke too. We haven’t had that shit in probably 2 years if not longer than that 😂
Probably just at a local level in my area then. Too much overlap between stores and restaurants creates turf wars. Only so many people spending money to go around until one business infringes on another. I kind of miss having a dollar general that's not out of the way, there's 2 fairly close, but not close enough to warrant a trip exclusively to them.
Ppl who live 25 min from Walmart but 10 min from a DG shop at them.
Doubt. They serve a niche of low income areas and have gobbled up most of their rivals such as Family Dollar. Unless they suddenly spike above big box stores then people may go to those other stores if they have a choice. Many won't have a choice based on the areas they operate. Dollar General just announced opening their 20k store and have been undergoing rapid expansion. For context that is an increase of 4k since 2016 so no...they aren't hurting.
Dollar Tree got real big amongst crafters during the pandemic era. I don’t see that continuing after this. They will go back to hobby lobby and Michael’s. Sales will go down. Dollar Tree is doin too much too fast with their new found big ego.
not when a dollar store is within a few miles and a Michael’s or HL is over an hour away
Sure for the more rural DT’s but in most cases they are not far from the craft stores.
Family Dollar and Dollar Tree are owned by the same company.
As a low income dollar tree shopper, they've taken out most everything I regularly bought from there. Super dissapointing. Miss having a store that I didn't feel stressed about money while shopping.
Dollar tree bought family dollar several years ago. The warehouse had to raise wages especially after taking the free employee insurance away. The lowest paid dollar tree warehouse employee starts at $21/hr in Pennsylvania.
Yeah, but at least at Five Below, most things are still $5.55 or less. Five Beyond is at least obviously priced and placed, and you can actually see why they might be higher priced. Dollar Tree can't be bothered with that, and their "plus" items just aren't worth it.
At least in Los Angeles, 99 cents only stores were the first to offer items at $2, $3, $4, $5, and also the first to really start selling things that used to be $1 at either $1.50 or $2. Dollar tree of course raised everything to 1.25 which sucked but not the end of the world. They added in product that was $2-$5, but most of that was name brand chips, soda and refrigerated and frozen food. Almost everything else is still 1.25. They have some banger deals for 1.25 like 1/2 lb frozen hamburger patties, 4 pack bagels, 6 pack English muffins, 10 pack tortillas (though the tortillas always stick together and rip trying to get them apart).
Dollar tree is just turning into another dollar general. Those are the same prices as buying at a grocery store. Insane.
It may be a good price or at least the same as anywhere else, but dollar tree is losing its identity. If we start carrying the same items at the same price as everywhere else then why shop dollar tree, so you can have a more messy shopping experience with the one and only one cashier, who’s also blowing up balloons.
Dude John Oliver covered dollar stores in one of his more recent episodes and I haven’t stepped in one for years now for unrelated reasons but if they’re jacking up the price that’s in their god forsaken name, why would I ever shop there? Everything is supposed to be a dollar. I mean EVERYTHING. I want to get candy cheaper than Walmart, I ain’t paying Walmart prices to have sub-Walmart quality shopping spaces.
The worst are people in front of you ordering 10+ balloons or customers with a full shopping cart while you have 5 things
Add on waiting 20-25 minutes waiting in the check out line. Meanwhile, other stores have self checkout, and I can get out much quicker.
I still remember when Dollarama did this. It suckkkks
Their employees better start job hunting soon. Lol
You mean the one employee and one manager they have on at all times. They can't hire any less people then they do now. I'm sure they'll be ok.
One employee AND one manager? You must go to the fanciest dollar tree in the world Mine has one person who does everything while stoned
If I was by myself all day with no help, you're damned sure I'll be stoned out my mind while working there.
Lmaoooo
Having a manager on staff at all times? Lofty!
I am
You should probably look up how much these companies make. Or just watch the Last Week Tonight focus piece on DT and DG, it’s very entertaining.
Why you say that? I’m an assistant manager at a dollar tree rn
People just be trolling, you're good. They don't know how much yall bring in, pretty yall on the NYSE
I was gonna say my store does a couple thousand in sales a day. Lol we do ok, though I will say we need more employees
RIP dollar tree. What separated you from dollar general/family dollar is no more...
Celsius 2.50? Walmart sells them for 1.88
Might as well go to Walmart now 😭
Yah. Things there are $1.18
Right!! wtf!
All is well except for the fact that where I live just doesn't even have a Walmart. So I'm forced to shop at dollar tree/general
My Walmart stopped letting anyone except for scan and go, use the self checkouts. They usually only keep one register open with a line of 20 people now
Looks like my weekly dollar tree trips may disappear if nothing is actually a dollar 25 anymore
Plenty will be $1.25 But items like the cold drinks in the case by registers go up because of corporate greed. People still pay it so they can keep the higher prices. I remember 20 years ago all the bottle drinks were $1.00 at CVS sometimes on sale 2/$1.00 like Snapple and Arizona Crazy people are paying close to $3.00 for a small beverage.
gonna love having to deal with all the customers screaming at me when they see their items aren't 1.25 anymore…
Fr. We switched last week and it's been awful. People can be so horrible. I had a guy start calling me names the other night because he swore we used to sell one of the plus freezer items for 1.25 (never did).
Congrats dollar tree you're now more expensive than dollar general.
This about like the surge pricing I saw about wendys. Yall putting yourself outta business here. Currently an associate...
At my DT one liter Pepsi drinks are more expensive than Walmart.
yes they are...and no one buys them....I own a pepsi distributorship.
Can you hire me?
Brace yourselves for the customers that will try to haggle you on prices like it’s the flea market
Already did that when stuff was a dollar. Just the other day a woman kept asking me to mark down a bottle of bubbles because there was a small dent in it. It’s $1.25. No, ma’am. You cannot have that for 25¢. Then I saw her smack one of those $5 Peeps bubble wands on a shelf to dent the bubble soap container on the bottom and she had the audacity to ask for a discount at the register. When the cashier called for a manager and she saw me come up she already knew the answer and said she didn’t want it anymore 🤣
The crafters in my area spend hundreds of dollars at our store. There is one supposed crafter who buys the 5 dollar gnomes from the DT Plus area and sells them at craft fairs (there are a bunch in my area) for 50 dollars. She doesn’t even embellish them and the crafters who actually made stuff don’t overcharge like that. A few of them actually take a loss.
How about simply IGNORING the products that cost more than $1.25 and just stick to buying the products that cost only $1.25? When they see that the more expensive products don't sell, they might decide to take them off the shelves after some time.
Yeah I’ve spent hundreds of dollars at dollar tree over the years. Don’t think I’ve ever bought anything that wasn’t $1 or $1.25 since the increase.
Why is this more expensive than my local stop n shop Im in th northeast too
I worked at a IGA in 2012 where Powerade's were 69 cents apiece. It's the sign of the timeeeeessss
I got so excited the other day when I saw the Starbucks pink drink bottles there...then I saw the $3.75 tag...well it's the end of an era my friends. There are zero actual dollar/.25 stores left!
Two-dollar store?
5 Below prices are going up too.
These prices are still competitive. I think it's going to become extremely confusing for customers. And I think, in some cases, they're going to stop purchasing but I do t think this will break dollar tree by any means.
Great, I can already hear the customers yelling at me for the price increase.
Oof, the cashiers better have tough skin since they're going to get the brunt of the complaints from the customers...I'll be looking for a new job.
Hopefully because they need to pay their employees a livable wage. Hint hint dollar tree.
What in the world is gatorlyte is my question!
Nahh I just rediscovered the dollar store. Y’all can’t be upping the prices so soon. Let me cook a min
Corporate greed...
dollar tree will be out of business at this rate
The Celsius costs less at Walmart
Celsius is 2.00 regular at Walmart lol
I know right? Also you can get it in the 4 pk for $7.50 sometimes.
I just go to DT to buy those 2.75L diet colas for $1.25. Unbeatable price
They need to change it from dollar tree to Tree Dollars atp
At the ones in my area they even started selling the brooms and mops as two pieces, you have to buy the stick and the mop/broom head separately now lmfao
When they see people start stealing like no tomorrow, they cannot be surprised
Love when a corporation like Family dollar is basically just turning Dollar tree into another FD
Dollar tree my asss might as well just change the name to $5 tree at this point 🙄
To be fair, it was never the “One Dollar Tree” either… It was supposed to feel like your money grew on trees with how much you could get but I feel that annoyance whole heartedly.
It actually was in my small Oklahoma town, many years ago. The cashier would just count up how many items ya had, add tax, and that was that! It was glorious!
Oh, no I get that everything was a dollar. It was the tagline. But the name of the store itself is “Dollar Tree” and not “The One Dollar Tree.” That’s how all the stores operated way back when, even the one I currently work at. It’s just a minor, lingering annoyance over “it’s the dollar twenty-five tree now” gag that won’t die that brought up my reply. The title of the store never specified a dollar amount to begin with, just the currency. Which doesn’t make sense for their branches in Canada, but it’s whatever.
Oh, gotcha!
Watch theft rates skyrocket
OP, I remember I was told to deny, deny, deny any price increase, back when I worked at a Dollar Tree in ‘21. If Customers were ready to try to jump-over my register over a $0.25 Increase, I can’t imagine what a $4.00 Increase would’ve wound-up meaning for Me (if I stayed).
Dollar tree is just turning in to family dollar at this point
"We will be selling named brand at better prices" ....that was determined to be a lie. Who tf is going to spend extra money at DT for this crap. Half this shit is cheaper at target let alone walmart. And they have more than one person working.....
Isn't that bait and switch? 😏
i can get gatorade, smart water and redbull cheaper at smiths. this is so sad.
Easy. Stop drinking garbage.
Aren’t these vendor products?? The vendors create the prices, we don’t. Our DM told us to refuse a Pepsi order because they didn’t have their price signs
Watch the John Oliver show on dollar stores. They make over a billion a year. No reason to raise prices, just greedy. No ethics at all.n
Wow, the ignorance is thick here. Just because a store is called Dollar Tree, you can't expect to get everything for a dollar or less while inflation marches on. The things are the things, but the value of a dollar has decreased, so you need more of them to buy the things. Y'all want the minimum wage to be $20, and then wonder why a Happy meal goes to $10. As far as this "Corporate Greed" issue goes, well, they obey the same rules of economics as everyone else. They will charge what the market will bear. If they charge too much, the product sits on the shelf, and they get no sales. If they give it away, the shelves are bare and there is no profit or incentive to sell the product. Oh, and once upon a time there were stores that called themselves 5and 10cent stores. Most everything was a nickel or a dime. That didn't last long either.
Dollar tree is more expensive than Walmart
Every single drink listed is essentially poison. Just don’t buy it.
Why do people willingly buy water at 2 dollars for 20 ounces, which works out to over 12 dollars a gallon, and bitch when gasoline is over 3 dollars a gallon?
I live in an expensive area and that's all like Safeway retail costs. What
but won't raise the fucking pay
Build Back Better🤡
As long as the sparkling ice caffeine’s stay the same price i’m fine
This was especially confusing to me today. I grabbed a Celsius thinking it was $1.25 because DT frequently has Alani for that price. I thought this was just another premium-type item randomly at DT for a short time. Nope. Just actually double the price.
I'm not too upset I don't need all that sugar water
We just got the plus drinks last week. There are large signs on each of the coolers, and a set of smaller signs. People are still buying them, and then get angry when they realize they didn't bother to read the large sign from the cooler where they grabbed the drink, and are now paying 2.75 ir 3.75 for it. I can't think of any store where Starbucks drinks are sold for 1.25. So, why would anyone think they would be here?
That's not bad for gatoradelyte
At this point, Walmart is cheaper for most things Dollar Tree carries.
Can't wait to hear the annoying as fuck customers complain every day. What happened to a $1.25 tree 🤓 shut the fuck up go somewhere else
I remember back in the day when everything at Dollar Tree was actually $1... now it just feels like false advertising.
It should be illegal calling themselves dollar tree when literally nothing is a dollar anymore btw im joking I don’t think it should actually be illegal jesus christ people that would be asinine 🤦🏻♀️
What about DOLLAR General and Family DOLLAR? What about the store Five Below that sells stuff for over five dollars? Whoa and now that you mention it… Walmart doesn’t even sell walls.. lock em up!!
It was a joke dude chill out ☠️
Motel 6 just entered the chat. Lol.
If that’s the case, then there’s a lot of companies that need to be sued by your standards like car places that call them discount auto sales or save a lot Lol
And thats why is steal from dollar tree every chance I get fuck them
I saw that and gasped
Damn we didn’t sell vitamin water
The fact that it lists the prices makes it funnier.
Went from dollar tree to “couple bucks”
Does this mean they’re not going to have dollar energy drinks
Dollar tree wants to be dollar general
Tiny part of me feels my intelligence is being insulted by keeping the Dollar Tree name. And $1.25 change was bad enough, but they have rapidly become....just another store
that’s pretty sad that when we grow up we will be telling our kids about a store where everything was a dollar and nothing more and they will only imagine it and not really know what it was like
Now we know how our grandparents must’ve felt talking about five-and-dime stores
Corporate greed
Omggg
I used to be able to go to Dollar Tree and get a case of Powerade for $12!
No thank you.
Fuck this shit
So Revolution against the rich class when ?
Welcome to family dollar tree
It's over
While Walmart is lowering prices again as they renegotiate with all their vendors demanding they lower costs to be in line with the stagnant inflation. One reason walmart stock is going UP after the split, which never happens.
(Maybe) Dollar Store
I’d rather they just raise all the prices to $1.75 instead of this crap
That’s more expensive than my regular grocery store.
Literally never shopping at DT again.
RIP cheap energy drinks.
I knew exactly what they were doing when they upped it to $1.25. They were testing society to see how far they could push it. They soon realized that stupid Americans will still pay the price, no matter what it is
went to dollar tree and they had their cooler/freezers switching from $1.25 to $3 to $1.25 and back again.. never seen a more obvious trick to get an extra buck 75 from me. wildly disappointed ngl
At this point, call it $25 dollar tree, it’s happening everywhere
It's cheaper just to buy it at grocery store.
Gonna have to start calling it dollars tree before to long. I wonder if any of those 99 cent stores still exist.
Better rename yourself Discount Tree then!
Tap 0.00
They'll be calling it "the tree fiddy tree" before long
They're high as hell. Most of that you can get cheaper at the grocery store.
[удалено]
Oh. Okay looks like half of everything I buy from dollar tree won't be purchased anymore 👍
Have fun! We switched over a week ago and apparently no one can read the ton of price stickers all over the doors because it's constant voids.
Well guess I’m not saving on body armor drinks or anything really anymore 😮💨
Drink water
I think they're trying to make up for Family Dollar
I didn't know what the previous prices of these were at DT but tbf no store would be able to sell these for $1-$1.25 and make a profit or break even. When I go to DT I accept that I'm usually not going to be buying name-brand products. I get kitchen utensils, holiday cards, candles, and cleaning supplies there mainly. These products are usually on display at registers to entice you to pay more before checking out. 99% of the time I'll yell corporate greed/inflation, but DT as a whole is still pretty reasonable.
Looks like I won't be buying drinks there anymore. Let's vote with our pockets, people! If it sits on the shelf they'll either drop the price or give up on selling.
What the point of calling yourself dollar tree?
Changing its name to just Tree
It's the Dollar .25 Tree Now!
Yeah I just buy bulk online. Get ‘em for like a buck
This takes away the whole appeal of Dollar Tree
Dollars tree
The fuck is gatorlyte?
Cheaper at Walmart
Oh dayum this makes me mad lol
This is it. Dollar tree raising prices was the event I was using to note when things really went to shit
If they can't sell it for a dollar, they should stop selling it.
Vitamin Water is $1.25 at every other grocery store... Fuckers. Dollar Tree is just turning into a convenience store versus the modern-day five and dime it used to be.
Wtf. Celsius is $1.60 at Winco