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Economy
Dollar stores warn they will have to raise prices over tariffs
2019-06-01
[The Hill] Two of the largest U.S. dollar store chains warned that shoppers might face rising prices as a result of the ongoing trade war between the U.S. and China, Reuters reported Thursday.

Executives from both Dollar Tree and Dollar General told analysts on their post-earning calls that tension with Beijing will likely hit their businesses. The warning comes after President Trump announced an increase in tariffs on $200 billion of Chinese goods earlier this month.

Dollar General executives said the retailer was working with vendors to "mitigate the impact."

"Even with these efforts, we believe our shoppers will be facing higher prices as 2019 progresses," Dollar General Chief Financial Officer John Garratt said on the call.

Dollar Tree president and CEO Gary Philbin said in a statement that new tariffs Trump has levied against China will be "impactful" to their business and consumers in general.
Posted by:Besoeker

#7  Yeah, the Old El Paso products, fresh milk and beer are all very plastic.
Posted by: M. Murcek   2019-06-01 15:29  

#6  Ever been in one of those stores? It's all a lot of plastic crap. Who needs it?
Posted by: Abu Uluque   2019-06-01 13:37  

#5  Dollar tree is changing their business model to attract more investors therefore in comes the $2 + items...
Posted by: crazyhorse   2019-06-01 13:08  

#4  Pro tip - I see Benzes and Lexus in the parking lot, so people who know you don't get / stay rich by spending too much shop there. There are some items I won't go anywhere else to get. And, yeah, they have a lot of stores. But I don't think they are Krispy Kreme overbuilt.
Posted by: M. Murcek   2019-06-01 10:30  

#3  At Dollar Tree, everything's a buck. Are they going to change their name and business model? Or are they going to get cheap shit from somewhere else other than China?
Posted by: JohnQC   2019-06-01 10:23  

#2  They have been raising prices for some time now. They will have no qualms in raising prices and blame Trump. Dollar General plans to open 900 plus stores this year. Currently they are Walmart's number one competitor.
Posted by: Dale   2019-06-01 09:20  

#1  $2 Dollar General?
Posted by: Skidmark   2019-06-01 04:14  

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