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 appeaI. 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, retaiIers face the challenging task of balancing prices to remain competitive and meet customer expectations.
Whether Dollar Tree can navigate these economic challenges while retaining its customer base remains to be seen.
Dad gets massively shamed for putting leashes on his 5-year-old quintuplets
Raising children these days can be a task on its own. Young parents don’t just have to hear opinions from family members but also have to put up with random strangers on the internet commenting on their parenting methods.
Jordan Driskell is a young father of five quintuplets. His quintuplets happen to be 5 years old. As you can imagine, looking after 5 children who are the same age can be quite taxing. Especially at 5-years-old when a child is curious and likes to explore.
31-year-old dad, Jordan Driskell decided to find a creative solution to his problem. He bought leashes meant for children to control his rambunctuous little kids when they are in public together.
In the past, Driskell had a 6-seat stroller that they used for their big family. However, that grew tiresome very quickly because the kids would be bothered when inside it. The stroller was also incredibly inconvenient to take anywhere.
This helps the little kids get to wander and explore their surroundings when the family goes out without their dad losing sight or control of them and hence keep them safe!
Driskell posted a video of the family’s outing to the acquarium that caused a lot of negative feedback directed towards the parents. The video of the kids on leashes went viral with over 3 million views. Hundreds of people commented about how the children were not animals and hence should not have been leashed.
Others commented, “If you can’t manage the pressure, don’t have so many kids.”
Other offered disdain masked as advice, “Can’t you just properly train your children?” Discuss to them why fleeing is risky.”
Dr. Deborah Gilboa, an expert in parenting and adolescent development had a different opinion. She does not think a leash will make your child think they are an animal. And if the alternative to a leash is to stay at home, then of course, the leash is a much better option!
Dr. Gilboa said a leash is a great tool for younger children or neuro-diverse children to be controlled in a public environment. However, she said that if a neurotypical child is not off a leash by the age of eight and nine, and hence has not developed their listening skills, that might be troublesome.
By then, parents should be able to effectively communicate with children verbally instead of relying on tools like leashes.
Parents should have the freedom to parent the way they want without facing unneccesary judgement from society.
What do you think of children on leashes in public? Let us know in the comments below. Share this article with friends and family to know what they think as well!
Leave a Reply