Dollar Tree Raising Prices to $7 After Reporting Losses, Closing 1,000 Stores

• Dollar Tree announced it will increase maximum item price in stores to $7 in 2024 • Price increase due to growing customer base of $125K+ income shoppers • Dollar Tree closing 1,000 stores over next few years after reporting losses
• Three years ago Dollar Tree raised base item price to $1.25 • Dollar Tree reported $1.7B net loss for recent fiscal quarter