Yup, kids, it's true... "Bidenomics" is such a FLOP that even six - figure earners are going to Dollar Tree these daze...!!!
Dollar Tree Raising Some Prices to $7 as 6-Figure Earners Flock to the Discount Store
https://finance.yahoo.com/news/dollar-tree-raising-prices-7-201647729.html
"Dollar Tree is raising its prices again to $7, up from the $5 price ceiling set in June...
In the company’s most recent earnings call, executive chairman and CEO Rick Dreiling said the increase was part of Dollar Tree’s “multi-price point strategy” to offer shoppers a more “relevant assortment,” Business Insider
reported. He also noted that most of Dollar Tree’s new shoppers in 2023 came
from households earning more than $125,000 per year.
“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,” Dreiling said.
Higher-priced items will include food, snacks, beverages, pet care, personal care and more. Despite the increase, Dreiling said the “vast majority” of Dollar Tree’s products will remain at the entry price of $1.25.
As prices for food and other household goods increase, more high earners are shopping at discount retailers, including Dollar Tree, Aldi and Five Below.
InMarket, which tracks retailer foot traffic, measured a 4% average increase in dollar store visits last year among those making more than $100,000, compared with the second half of 2022, according to The Wall Street Journal. Daily surveys from Morning Consult of about 50,000 Americans revealed that households with six-figure incomes were 15% more likely last year to say they would shop at dollar stores than they were in June 2022, going from 39% to 45%.
Wealthy Americans have viewed discount stores as “not for them,” Michael Liersch, head of advice and planning at Wells Fargo, told The Wall Street Journal. But not anymore. “These days, it’s about making the most of your money and not getting ripped off,” Liersch said..."
On Wed, 27 Mar 2024, GM wrote:
Yup, kids, it's true... "Bidenomics" is such a FLOP that even six - figure >> earners are going to Dollar Tree these daze...!!!
Dollar Tree Raising Some Prices to $7 as 6-Figure Earners Flock to the
Discount Store
https://finance.yahoo.com/news/dollar-tree-raising-prices-7-201647729.html >>
"Dollar Tree is raising its prices again to $7, up from the $5 price ceiling >> set in June...
In the company’s most recent earnings call, executive chairman and CEO Rick
Dreiling said the increase was part of Dollar Tree’s “multi-price point >> strategy” to offer shoppers a more “relevant assortment,” Business Insider
reported. He also noted that most of Dollar Tree’s new shoppers in 2023 came
from households earning more than $125,000 per year.
“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,”
Dreiling said.
Higher-priced items will include food, snacks, beverages, pet care, personal >> care and more. Despite the increase, Dreiling said the “vast majority” of
Dollar Tree’s products will remain at the entry price of $1.25.
As prices for food and other household goods increase, more high earners are >> shopping at discount retailers, including Dollar Tree, Aldi and Five Below. >>
InMarket, which tracks retailer foot traffic, measured a 4% average increase >> in dollar store visits last year among those making more than $100,000,
compared with the second half of 2022, according to The Wall Street Journal. >> Daily surveys from Morning Consult of about 50,000 Americans revealed that >> households with six-figure incomes were 15% more likely last year to say they
would shop at dollar stores than they were in June 2022, going from 39% to >> 45%.
Wealthy Americans have viewed discount stores as “not for them,” Michael >> Liersch, head of advice and planning at Wells Fargo, told The Wall Street
Journal. But not anymore. “These days, it’s about making the most of your
money and not getting ripped off,” Liersch said..."
Wow, had no idea it was that bad! =( Here in the EU where I live we've had some smooth 10%+ inflation, but that's to be expected where socialism
reigns supreme. Didn't think it was that bad in the US.
...Wow, had no idea it was that bad! =( Here in the EU where I live we've had >> some smooth 10%+ inflation, but that's to be expected where socialism
reigns supreme. Didn't think it was that bad in the US.
"Bidenomics" has been a disaster... still *another* reason why President Trump is surging in populariity...
Bidenomics Spin vs. Economic Reality
https://www.nationalreview.com/2023/07/bidenomics-spin-vs-economic-reality/
Sysop: | Keyop |
---|---|
Location: | Huddersfield, West Yorkshire, UK |
Users: | 297 |
Nodes: | 16 (2 / 14) |
Uptime: | 15:31:57 |
Calls: | 6,667 |
Calls today: | 1 |
Files: | 12,216 |
Messages: | 5,336,692 |