Inflation has hit the United States hard, with a shocking 4.2 percent rate in July, the highest in decades. This economic pressure has forced businesses, incIuding Dollar Tree, known for selling items at $1, to make significant adjustments.
Dollar Tree faced a decline in stock prices, dropping nearly seventeen percent in one trading session, as it grappled with rising shipping costs and the need to combat inflation. Dollar Tree’s decision to sell items for more than a dollar came after investors saw a hit of $1.50 to $1.60 per share of profits, a substantiaI blow for a retailer focused on the one-dollar price point.
The company cited the economic challenges posed by inflation and the pandemic as reasons for the pricing adjustments. CEO Michael Witynski acknowledged the shift in a prepared statement, stating, For decades, our customers have enjoyed the ‘thrill-of-the-hunt’ for vaIue 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.
Despite the drop in stock prices, Dollar Tree emphasized its commitment to providing value to customers. Witynski stated, We will continue to be fierceIy protective of that promise, regardless of the price point, whether it is $1.00, $1.25, $1.50.
The announcement sparked mixed reactions among customers, with concerns about the impact of the price change on the store’s appeal. While the stock prices have shown signs of recovery, the decision to sell items for more than a dollar raises questions about whether customers will continue to shop at Dollar Tree.
In a market where consumer goods are becoming more expensive due to increased shipping costs and inflation, retailers face the challenging task of balancing prices to remain competitive and meet customer expectations. Whether Dollar Tree can navigate these economic challenges whiIe retaining its customer base remains to be seen.
Homeless lady given free ‘ugly’ abandoned trailer, but wait till you see what she made of it
Homesteading is becoming the life-style many people opt for during the recent years. It is characterized by subsistence agriculture, home preservation of food, and even small scale production of textiles and clothing. It also includes some craft work for household use or sale.
The reason why this life-style is gaining more and more popularity is that is helps people to maintain a certain standard of living that doesn’t require too much finances.
One person who got devoted to homesteading is Mama V. This woman got tired of the busy life at the city and as she has always had this dream of building a cottage for herself in the isolated woods, she eventually left the metropolitan life behind and moved into an old mini-school bus.
The mini-school bus seemed like the perfect home at first, but since she had her cats and dogs with her, the place was a bit crowded so she started considering getting an additional room, which wasn’t an easy thing to plan or construct. On top of that, she didn’t really have the finances for such a project.
But then, one of her neighbors invited her over and offered her his old and abandoned trailer that stood in his yard for many years.
He wanted to get rid of it, but since Mama V liked it and got ecstatic about it, he gave it to her for free.
“She’s ugly, but she’s mine!” Mama V said of her trailer.
In order to be able to renovate the trailer she was forced to sell her bus. She was aware that turning that old trailer into a home would take a lot of time and energy, but she was ready to give the project a go.
Mama V, however, couldn’t do it herself so she asked her two pals, Jayme and Kevin, to assist her.
The trailer, although very dirty and in need of some repairs, was structurally good and leak-free. On top of that, it already had a functioning microwave oven/stove combo, and refrigerator.
After a long day of cleaning, Mama V’s friends left and let her enjoy her new piece of heaven.
Among the rest, the trailer contained two full propane tanks, a pull-out couch, a full kitchen, two twin beds, a bathroom with a shower and bathtub, a panel that kept track of utility usage, and a lot of storage.
Once she settles in, Mama V would start her own garden and a life she has always dreamed of.
She’s glad that she and her pets would have a place to call home and that she’s surrounded by great neighbors who help her with whatever she needs as she embarks on this new adventure.
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