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Trump's tariffs are hitting the country's most vulnerable: Dollar store shoppers
Source: Washington Post
Trump’s tariffs are hitting the country’s most vulnerable: Dollar store shoppers
By Abha Bhattarai May 31 at 5:14 PM
For more than 30 years, Dollar Tree has made a singular promise to its customers: “Everything’s $1.”
Not anymore.
The Chesapeake, Va.-based retailer, which relies heavily on cheaply made goods from China, said this week that it had begun testing higher prices at some of its stores. Soon, more than 100 Dollar Tree stores around the country will sell items that cost up to $5.
That price increase, spurred by activist investors, comes as the company braces for millions of dollars of new tariff-related expenses that analysts say will disproportionately affect the chain and its lower-income shoppers. The dollar store industry is dominated by two companies: Dollar General and Dollar Tree, which also owns Family Dollar.
Dollar Tree “is the ‘poster child’ for tariff impact,” Judah Frommer, an analyst for Credit Suisse, wrote in a recent note to clients. “China is the source of a substantial majority of the company’s imports.”
-snip-
By Abha Bhattarai May 31 at 5:14 PM
For more than 30 years, Dollar Tree has made a singular promise to its customers: “Everything’s $1.”
Not anymore.
The Chesapeake, Va.-based retailer, which relies heavily on cheaply made goods from China, said this week that it had begun testing higher prices at some of its stores. Soon, more than 100 Dollar Tree stores around the country will sell items that cost up to $5.
That price increase, spurred by activist investors, comes as the company braces for millions of dollars of new tariff-related expenses that analysts say will disproportionately affect the chain and its lower-income shoppers. The dollar store industry is dominated by two companies: Dollar General and Dollar Tree, which also owns Family Dollar.
Dollar Tree “is the ‘poster child’ for tariff impact,” Judah Frommer, an analyst for Credit Suisse, wrote in a recent note to clients. “China is the source of a substantial majority of the company’s imports.”
-snip-
Read more: https://www.washingtonpost.com/business/2019/05/31/trumps-tariffs-are-hitting-countrys-most-vulnerable-dollar-store-shoppers/
2 replies
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= new reply since forum marked as read
You messed that up now . 
