Dollar Tree said theft is such a problem it will start locking up items or stop selling them altogether
Dollar Tree blames a drop in profit margin on theft, changing consumer demands, and higher prices for fuel and electricity.
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Posted 8/24/2023, 3:53:00 PM
cnn.com
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Shares of Dollar Tree fell after the retailer revealed that customers are primarily focusing on purchasing food and essentials, indicating more price-sensitive spending habits and a challenging economic backdrop.
Dollar Tree is implementing anti-theft measures to combat growing shrink and declining gross margins, as the company deals with a customer shift towards consumables and increased theft in the retail industry.