"99 Cents Only Stores Nationwide Closure Sparks Dollar Tree Price Hike"
99 Cents Only Stores LLC is closing all 371 of its stores due to financial challenges exacerbated by the pandemic, inflation, and changing consumer habits. Dollar Tree, the second-largest retailer in the dollar store market, is set to raise prices on some items to as high as $7, with plans to eventually offer products priced at $10. Additionally, Dollar Tree will be closing 600 Family Dollar stores this year and an additional 370 in the coming years due to persistent inflation and reduced government benefits affecting lower-income consumers.
