Dollar Tree to raise prices over $1 amid US-China trade dispute

[Miles Archer]

https://www.wcnc.com/article/news/nation-world/dollar-tree-to-raise-prices-over-1-amid-us-china-trade-dispute/507-b275bada-65cd-4692-8edc-2e98c10c9a1e

John W. Garratt, chief financial officer at Dollar General, told investors on a call that the chain was doing everything it could to minimize the impact of tariffs on its customers but he believes "our shoppers will be facing higher price as 2019 progresses."

Dollar Tree Inc.'s stock, which has dipped 3.2 percent this week, rebounded, gaining 3.4% in afternoon trading Thursday. Dollar General's shares rose about 7.4% on Thursday.

"Both Dollar Tree and Family Dollar have a much heavier exposure to very low-income shoppers than Dollar General and these individuals are much more likely to be affected by inflation, leading to possible reductions in the amount they buy," wrote Neil Saunders, managing director of GlobalData Retail in a report Thursday. "This has the potential to clip sales volumes and growth. "

[greymattermom]

1. Now that's something that Trump supporters will notice.

And I hope they make it clear that the Trump Tarif Tax is to blame.

[Miles Archer]

3. Or they'll blame it on Obama

This has become Sarah Sanders' go-to meme, whenever she emerges from her hidey-hole. And the MAGAts eat it up.

[rickford66]

2. Re-brand as "The Buck and a Quarter Store"

[Miles Archer]

4. I lived in Nevada town where people would lose their minds over that 25 cents

I'm not kidding. If this happens, the local Facebook pages will be ablaze. Don Jr and Eric have made frequent visits there for stump speeches and always get a heroes' welcome. If they stop by again, I can guarantee they will be asked why the Dollar Store is now the Dollar and a Quarter Store.

[Harker]

16. I hadn't thought of "dime store" in ages.

Or "five and dime."

[dem4decades]

5. I'm not worried. Trump says that China will pay for it.

So when i buy 5 items and it comes to $5,50 instead of $5.00, do the Chinese pay that extra 50 cents right at the register?

[dumbcat]

18. If you're willing to pay the $5.50 rather than the $5.00

previously charged, the seller has been under-pricing his product all along and foregoing fair profit.

[dem4decades]

22. Not my point. It's a ten percent tax on the consumer under those circumstances.

Was my point. Among with China isn't going to pay.

[dumbcat]

29. Who do you think writes the check to the US Treasury?

When the container full of Chinese goods valued at $100K, and assessed a 10% tariff, enters and then clears Customs at the Port of Long Beach, who do you think writes and signs a check to the US Treasury in the amount of $10K?

And don't try the old "They'll pass it all on to the consumer" dodge until you read the wiki article on Price Elasticity of demand and explain how it doesn't apply in this case. ( No, they CAN'T always pass it all along to the consumer, and those that believe they can have never progressed beyond ECON 101.)

yes, a tariff is a type of tax on a product, but it is only paid by the consumer if they (the consumer) demand it.

[Throck]

6. Most of the stuff from the $1 store is bad for the environment.

Lots of cheap one use plastic stuff. Most foods are unhealthy, high in fat and sodium. I've avoided the stores since Bill Clinton was in office.

[JI7]

10. dollar tree has some branded items that are a good deal for those who aren't going to eat the full

sizes at places like target , walmart, large grocery stores.

if you plan to eat the whole thing it's a better deal at those stores i mention above.

but for many after a while they will just throw it a way. in that case the smaller sizes at dollar tree are a good deal.

[llmart]

12. I agree with you.

All made in China, cheap plastic crap that people can live without. But Americans being as stupid as they are think they're getting a bargain.

[dem4decades]

21. I'm wearing a pair of cheaters i paid a buck for right now.

For a dollar a pair I'll buy 5 of them and leave them all over the house. It's a great deal.

[UniteFightBack]

26. Lots of great finds at the dollar tree, like the readers I'm wearing right now. I picked my aunt up

a hummingbird feeder. I mail her gifts from the Dollar Tree since she is basically a shut in living far away.
I buy cards to send her 10 for a dollar. I just bought these wonderful brownie bites from 'mr brownie' ...made with no palm oil and no trans fats for her (and myself). I can go on and on about all the GREAT things I've snagged there.

I'm glad you don't need to shop there but some of us really need it. It's also obvious you don't shop there by your comment.

[hunter]

32. The dollar stores still had some good stuff when Bill Clinton was in office.

You could consistently find things like name brand motor oil there. Four quarts of oil and an oil change kit for five bucks.

Five bucks would also buy a fairly decent meal for a family with kids.

Inflation has severely limited dollar store inventories.

[Sherman A1]

7. No surprise as it has to have an impact

And that will be much more obvious at the lower price points that such stores operate at. I like Dollar Tree for greeting cards and a few hobby related items such as the pack of sandpaper that is a really good deal, but most of their stuff is easy to pass up.

[revmclaren]

8. I could see that coming a mile away.

Many tRumpers may not have noticed the effect of the tariffs in other markets, but this will get a bunch screaming.

And it's only the tip of the rapidly melting iceburg.

ONLY!!! 2019 and beyond.

[Miles Archer]

24. If there is a price increase for luxury yachts...

...Trump will simply pass a luxury yacht relief passage so that luxury yacht owners are not affected.

He'll do it under the cover of another cabinet "resignation" (firing), or the Kim "Summit" III, or he'll bash John McCain again, or he'll make another misogynistic statement about a woman,or he'll mock another disabled individual. He will have some bright shiny object to wave in front of the media so that no one will notice when he signs off on a much-needed relief package to ease the suffering of millionaires and billionaires.

And what bothers me the worst about what I just wrote is that in any other presidency, it would have come from The Onion, or Borowitz, or it would be just one more tinfoil hat theory.

Today, Trump's already pulled that little maneuver countless times. It's a standard item in his playbook.

[samnsara]

9. now there really will be starving college kids!

..I hope all these businesses have signs stating why the prices have increased

[dalton99a]

11. Kick

[smirkymonkey]

13. They are now changing their name to "Two Dollar Tree"

Thanks President Dipshit!

[lpbk2713]

15. They could make the "T" on Two orange.

That would subtly explain why their prices went up.

[DinahMoeHum]

14. I go to Dollar Tree for the greeting cards. . .

. . .and little else.

[MichMan]

17. Hardly anything at these stores is $1 anyway

[dem4decades]

20. Actually at Dollar Tree everything is.

[TexasBushwhacker]

30. Yeah, I went into a 99 Cents Only store yesterday

They've expanded their selection, but now everything just ends in 99 cents ($1.99, 2.99 etc). Dollar Tree is still my go to for kitchen items, personal care etc. Of course, the wholesale cost (including tariff) is only part of the total cost of running a store. Even a 25% tariff shouldn't cause everything to go up to $1.25.

[roamer65]

19. Two Dollar Tree.

Smirkymonkey...

[Lady Freedom Returns]

23. This is going to hurt people like me.

I'm living on a "needs shoestring" budget. Places like Dollar Tree helps me stretch a buck.

[UniteFightBack]

25. Absolutely me too. nt

[TexasBushwhacker]

31. Right there with you

Lost my apartment (long story) and I'm having to start over from the ground up. Nice to be able to buy imperfect stoneware dishes and bowls that can go in the microwave for a buck each. Yes, much of their stuff is made overseas. Guess what? So is the more expensive stuff you buy at any department store.

[marylandblue]

27. Now they'll be Tariff Tree stores.

[Sneederbunk]

28. Thanks to Tariff Man.

[Doreen]

33. The new "Mor-n-a-Dollar store."

I shop there occasionally. I like their holiday decorations. My main purchase from the is Awesome cleaner. That stuff is really Awesome. I can not find it anywhere but at the Dollar store.

[Kaleva]

34. Two Dollar Tree will be the company's new name

They can't go with Fistful of Dollars Tree because of possible copyright infringement.