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.
In 1965, Paul Harvey’s warning was broadcast: Today, it’s sadly come true
Paul Harvey, the news commentator and talk-radio pioneer whose staccato style made him one of the United States’ most familiar voices, reached more than 24 million listeners at the peak of his career.
Although he was very accurate on everything he had to say, no one could imagine that his famous words from 54 years ago would become the reality of today.
I read this today and thought how relevant it is.
The speech was broadcast by legendary ABC Radio commentator Paul Harvey on April 3, 1965.
He starts his ‘prophesy’ by saying: If I were the Devil… and then continues discussing issues that are these days ours to face.
EVERYBODY should listen to this. Sad to say but Paul Harvey was spot on 54 years ago.
”If I Were the Devil If I were the Prince of Darkness I would want to engulf the whole earth in darkness.
I’d have a third of its real estate and four-fifths of its population, but I would not be happy until I had seized the ripest apple on the tree.
So I should set about however necessary, to take over the United States.
I would begin with a campaign of whispers.
With the wisdom of a serpent, I would whispers to you as I whispered to Eve, “Do as you please.”
To the young I would whisper “The Bible is a myth.” I would convince them that “man created God,” instead of the other way around. I would confide that “what is bad is good and what is good is square.”
In the ears of the young married I would whisper that work is debasing, that cocktail parties are good for you. I would caution them not to be “extreme” in religion, in patriotism, in moral conduct.
And the old I would teach to pray — to say after me — “Our father which are in Washington.”
Then I’d get organized.
I’d educate authors in how to make lurid literature exciting so that anything else would appear dull, uninteresting.
I’d threaten TV with dirtier movies, and vice-versa.
I’d infiltrate unions and urge more loafing, less work. Idle hands usually work for me.
I’d peddle narcotics to whom I could, I’d sell alcohol to ladies and gentlemen of distinction, I’d tranquilize the rest with pills.
If I were the Devil, I would encourage schools to refine young intellects, but neglect to discipline emotions; let those run wild.
I’d designate an atheist to front for me before the highest courts and I’d get preachers to say, “She’s right.”
With flattery and promises of power I would get the courts to vote against God and in favor of pornography.
Thus I would evict God from the courthouse, then from the schoolhouse, then from the Houses of Congress.
Then in his own churches I’d substitute psychology for religion and deify science.
If I were Satan I’d make the symbol of Easter an egg
And the symbol of Christmas a bottle.
If I were the Devil I’d take from those who have and give to those who wanted until I had killed the incentive of the ambitious. Then my police state would force everybody back to work.
Then I would separate families, putting children in uniform, women in coal mines and objectors in slave-labor camps.
If I were Satan I’d just keep doing what I’m doing and the whole world go to hell as sure as the Devil”
I use to listen to Paul Harvey with my mom in the 70s. He is very accurate on everything he says. All the things he mentioned 54 years ago are exactly what’s going on NOW!
Incredible man, Incredible insight. Share this if you agree.
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