Dollar Tree - 882 South Main Street, Cheshire, Connecticut, United States - Updated August 2024 - Guide.in.ua (2024)

FAQs

Why is everything cheaper at Dollar Tree? ›

Purchase Cost

Dollar stores buy a lot of inventory at a time so they can sell things cheaply. Much of the inventory dollar stores purchase cost less than a $1 because they're damaged. But it's buyer beware with items like toys, which can break easily at times.

In 2021, Dollar Tree caused an uproar when it raised its standard price from $1, as the store name implies, to $1.25. The retail giant then rolled back its prices to $1 in 2023, a move that coincided with cooling inflation.

Dollar Tree's CEO did say in March the increase will start in 2024 across all stores. "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 call on March 13.

Chesapeake, VA

Dollar Tree / Headquarters

days of the week to hit Dollar Tree are typically Tuesdays, Wednesdays or Thursdays.” On these days, Dollar Trees tend to be less crowded, since most people are busy with work or school. Many stores are also restocked over the weekend or Monday, meaning you'll find a greater selection. Of course, location matters, too.

Part of the attraction is a perception that switching to lower-cost stores and own-brand goods can be a good way to save money. In some cases, that's true -- but not always. In fact, Walmart cost less than Dollar General in our price comparison. We checked prices on a basket of common goods in their online stores.

For fiscal 2023, the company lost $998 million, versus a profit of $1.6 billion in 2022. The key reason for its loss is a $594.4 million charge for portfolio review, a $1.07 billion goodwill impairment charge, and a $950 million trade name impairment charge.

Dollar Tree is yet again not sticking to the dollar theme in its name. The company announced last month that it would be increasing the prices on items again. The official prices announced were a minimum of $1.50.

The base price had also been raised to $1.25 in 2021. According to Dreiling, the move was made in order to add new products to their shelves.

Although many items available at your local Dollar Tree, like personal care, food and beverage items, will see a new cap price of $7, up from a max price ceiling of $5 set in June 2023, not all items will be affected by this increase. The vast majority of items will remain priced at $1.25.

Is Dollar Tree turning into Dollar Plus? ›

Clues from last price hike

In 2021, the company announced that it would expand its "Dollar Tree Plus" concept that includes merchandise at the $3 and $5 price points.

Items like cleaning supplies, personal hygiene products — toothpaste, soap — and basic office supplies offer long-term value because they don't expire and will always be needed, he said. Dollar Tree has hinted that products in these categories will be on the increase list.

Dollar Tree acquired Family Dollar in 2015 for $8.5 billion and has struggled to boost the brand to meet its flagship stores' appeal, said Neil Saunders, managing director of the analytics company GlobalData's retail division.

Dollar Tree, Inc. is an American multi-price-point chain of discount variety stores. Headquartered in Chesapeake, Virginia, it is a Fortune 500 (sometimes referred to as Fortune 200) company and operates 15,115 stores throughout the 48 contiguous U.S. states and Canada.

Of the 226 consumer and food products tested at Dollar Tree, Family Dollar, Dollar General, 99 Cents Only, and Five Below, 53% of the products screened in 2021 contained one or more chemicals of concern.

Just because an item is priced lower at the dollar store doesn't necessarily mean you're saving anything. Discount stores may offer what looks like the same product for less but they may actually be more expensive. Doing some comparison shopping before you buy can ensure that you're getting the most bang for your buck.

Although many items available at your local Dollar Tree, like personal care, food and beverage items, will see a new cap price of $7, up from a max price ceiling of $5 set in June 2023, not all items will be affected by this increase. The vast majority of items will remain priced at $1.25.