Why Dollar Tree's price hike to $1.25 could be 'one of the worst decisions in retail history'

In 1986, three retail veterans opened a chain of stores in the southeast named Only $1.00. They were building upon the concept of a store they had stumbled across called Everything's A Dollar, and thought they could do it better.

News: What you need to know about the markets     Why Dollar Tree's price hike to $1.25 could be 'one of the worst decisions in retail history' In 1986, three retail veterans opened a chain of stores in the southeast named Only $1.00. They were building upon the concept of a store they had stumbled across called Everything's A Dollar, and thought they could do it better. Read more »   2022 will mark the end of the pandemic and a full economic recovery, JPMorgan says After nearly two full years of Covid-driven chaos, JPMorgan Chase is predicting 2022 will usher in a return to normalcy and a full healing of the economic wounds caused by the health crisis. Read more »   3 Better.com executives resign after CEO lays off 900 over Zoom Days after Better.com's CEO unceremoniously fired 900 people over Zoom, several executives are handing in their resignation letters. Read more »   Roku soars on new deal with Google to keep streaming YouTube Roku customers no longer have to worry about losing access to the channels of their favorite creators. The company announced a new content deal Wednesday with Google that will keep the main YouTube app on its streaming service and also bring back the YouTube TV live app. Read more »   Costco has an innovative way to save 20% Costco is searching for ways to make paying $60 for a membership every year worth more to online shoppers — and keep them away from Amazon. Read more »   Market volatility is back but investors are still buying the dip Last week's stock market selloff seems like ancient history. Stocks surged Monday and Tuesday and were flat to modestly higher early Wednesday as investors once again buy the proverbial dip. Read more »

Dow Nasdaq S&P +35.32   +100.07   +14.46 35,754.75   15,786.99   4,701.21 +0.10%   +0.64%   +0.31% YTD +16.82%   YTD +22.49%   YTD +25.16%

Biggest Winners Norwegian Cruise Line Holdings Ltd +8.20%   Carnival Corp +5.51%   Royal Caribbean Cruises Ltd +5.21%   Las Vegas Sands Corp +4.42% Biggest Losers Kroger Co -5.01%   Brown-Forman Corp -2.75%   Target Corp -2.45%   Packaging Corp of America -2.31%

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Key Market Stats Latest Today's Change Oil $72.76 +0.71 / +0.99% Gold $1,783.50 -1.20 / -0.07% 10-yr 1.51% +0.03 Euro $1.13 +0.01 / +0.61%

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