This means consumer goods are costing more now than usual, and retailers are feeling the pressure to raise their prices to cover costs.

Dollar Tree, a dollar store retailer famous for only settling items at $1,

has since made the announcement that they would start selling items for more than a dollar in order to cover rising shipping costs and beat off inflation.

Dollar Tree investors were stunned when the company’s stocks took a hit of $1.50 to $1.60 per share of profits this year, which is a major hit for any business,

let alone one that sells items for only a dollar. Because of this, the national

retailer was forced to open up the flood gates by allowing goods in their stores that would cost customers more than a buck

“For decades, our customers have enjoyed the “thrill-of-the-hunt” for value at one dollar – and we remain committed to that core proposition –

but many are telling us that they also want a broader product assortment when they come to shop,” said CEO Michael Witynski in a prepared statement.

Dollar Tree is a dollar store retailer known for only settling items at $0.99,

but because of inflation and the pandemic, the company has had to raise its prices in order to cover rising shipping costs and beat off inflation.

This announcement came with a major hit on Dollar Tree’s stock price

, which dropped nearly seventeen percent in one trading session.ms in stock?