Dollar Tree will announce a major change in 2022 to its original $1 business model. Dollar Tree’s loyal customers were all surprised by this change. The retailer raised its $1 price in all stores to $1.25 due to rising costs and supply chain issues. Thankfully, the change was only temporary. In 2023, Dollar Tree reversed course and reduced the prices of 300 to 400 products to their original $1 price tag giving back customers the bargain they’d loved all these years. But that’s not the only thing that makes the store great. Read on to find out how you can save money when shopping at Dollar Tree.
Why are Dollar Tree products so cheap
Dollar Tree, formerly known as Only $1.00, opened its first 5 shops in Georgia, Tennessee, and Virginia in 1986. J. Douglas Perry and his partner H. Ray Compton came up with an ambitious plan to offer a large selection of high quality goods at a price of just $1. Their dollar stores were a huge success despite retail experts’ doubts. By 2004, Dollar Tree had opened in 48 of the 50 states.