Dollar Tree makes it official: Items will now cost $1.25
By The Associated Press Troy Warren for CNT #Business NEW YORK — Faced with the rising cost of goods and freight, discount retail chain Dollar Tree said Tuesday it will raise its prices to $1.25 for most of its products. Dollar Tree said the reason for raising its prices to $1.25 was not due to “short-term or transitory market conditions” and said the price increases were permanent. The higher prices will also allow the company to cope with high merchandise cost increases as well as higher operating costs, such as wages, it said. “(Dollar Tree) believes this is the appropriate time…