Dollar Tree no longer to be only one dollar Building on the Success of its “Combo” Store and Dollar Tree Plus Initiatives, Dollar Tree Poised to Take Next Steps in its Multi-Price Evolution
#DollarTree
Dollar Tree no longer to be only one dollar
Dollar Tree, Inc. announced that, based on positive customer reaction and the success of its new Combo and Dollar Tree Plus store formats, the Company plans to begin adding new price points above $1 across all Dollar Tree Plus stores and will begin testing additional price points above $1 in selected legacy Dollar Tree stores.
Dollar Tree has already announced that it is on track in 2021 to have 500 Dollar Tree Plus stores by fiscal year-end – offering an assortment of value priced $1, $3, and $5 products. Another 1,500 stores are planned for fiscal 2022, and at least 5,000 Dollar Tree Plus stores are expected by the end of fiscal 2024. The Company has also had significant success with its newest store format, the Combo Store, which leverages the strengths of both banners by bringing a multi-price assortment to Dollar Tree shoppers. The Company currently has 105 Combo Stores and expects to add 400 Combo Stores in fiscal 2022, with the potential of up to 3,000 over the next several years.
Michael Witynski, President and Chief Executive Officer, stated, “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. We believe testing additional price points above $1 for Dollar Tree product will enable us over time to expand our assortments, introduce new products and meet more of our customers’ everyday needs.”
“We are a ‘test-and-learn’ organization which is what we are doing with this new initiative. We listen to our customers and believe it will make shopping with us an even better experience,” Witynski added. “Our merchants have proven that they are among the best in the industry in working with suppliers to create extreme value, and we will continue to deliver the ‘thrill-of-the-hunt’ to our customers.”
Witynski concluded, “Our brand promise is that customers get great value for what they spend at Dollar Tree. We will continue to be fiercely protective of that promise, regardless of the price point, whether it is $1.00, $1.25, $1.50.”
About Dollar Tree, Inc.
Dollar Tree, a Fortune 200 Company, operated 15,865 stores across 48 states and five Canadian provinces as of July 31, 2021. Stores operate under the brands of Dollar Tree, Family Dollar, and Dollar Tree Canada. To learn more about the Company, visit www.DollarTree.com and www.FamilyDollar.com.
Subscribe To Courageous Christian Father!
Don’t miss any blog posts! Subscribe today! You can subscribe via WordPress or by entering your email! Thank you!
Follow Courageous Christian Father on WordPress.comDon’t forget to also share blog posts you love on your favorite social media too! Thank you! Sharing is caring!
Follow Steve Sews on Social Media
Below are some examples of blog entries from all the blogs that I do. (Courageous Christian Father, Steve Sews Stuff, and SteveZ DesignZ).
Recent Posts
- Happy Mother’s Day
- A Mother’s Day Poem from the Cat
A Mother’s Day Poem from the Cat – a poem written by the cat to the cat mom. A great poem for moms who have a cat as their furever child. #MothersDay - Mothers of the Bible
Mothers of the Bible – an Igniter Media video on mothers found in the Bible. - A-Z of Mother’s Day
A-Z of Mother’s Day – Here is a list from A to Z about Moms and/or Mother’s Day. #MothersDay - Northern Lights in the South
Northern Lights in the South – We got to see the Northern Lights in East Tennessee.
Thank You For Reading Courageous Christian Father!
Thank you for reading. Please feel free to share and like this blog post.
About the Author
