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.
Jamie Lee Curtis breaks down in tears over shocking revelation!
Jamie Lee Curtis said some very sad things about her close friend and Curb Your Enthusiasm star Richard Lewis, who died on Tuesday of a heart attack at the age of 76.
The 65-year-old actress who played the witch in Halloween also starred with the comedian in the sitcom Anything But Love, which ran for four seasons from 1989 to 1992.
She posted on her main Instagram page on Wednesday after hearing the sad news that the actor had died. Bette Midler was the first to share the news.
Curtis posted a bunch of old pictures of herself with Lewis and wrote a long caption in which she thanked the late star for being “the reason I am sober.”
This month, Jamie celebrated 25 years of being sober after struggling with an opioid addiction.
“I just learned that my friend Richard Lewis has died.” I remember exactly where I was on Sunset Boulevard when I saw a billboard of him for a stand-up special. It was during the casting process for the ABC pilot Anything But Love, and I asked the casting staff to bring him in to try out for the part of Marty Gold, my best friend and maybe boyfriend.
“I thought he looked good.” Someone made me laugh, which is something a strong woman can’t really do for herself. I laughed out loud when he pronounced the word “Bundt cake” wrong, but he got the part.
“He blew everyone else away,” Jamie said. They didn’t pick up the pilot for the love triangle show, but they got back to me and said, “The chemistry with Richard was so great. Could we revamp the original pilot?” That’s how we ended up making the show for two years.
“He was also a stand-up comedian, but he hated performing in front of real people. I, on the other hand, loved it.”
He would hide his lines on props, door frames, and even my face in a close-up. He also always had his lines written on a clipboard with him. He played roles very well, it turned out. It’s deep and so damn funny.
She said, “We grieved together over the death of our friend and co-star Richard Frank and over the death of our friend and producer John Ritter.”
“In his last text message to me, Richard hoped that I could get ABC/Disney to release another boxed set of episodes of the show,” she wrote to her fans.
Then Jamie said, “He’s also the reason I’m sober.” He helped me. I will always be grateful to him for that act of kindness.
They talked about his wife, Joyce Lapinsky, and she said, “He found love with Joyce, and that, of course, along with being sober, was what mattered most to him.” It makes me cry to write this.
This is a strange way to thank a nice and funny man. Richard, may you rest in laughter. “My Marty, I love you, Hannah!” she said in the end.
Jamie also wrote a second post about how sad she was about the death of her longtime friend and former co-star.
She added another old picture of herself with Lewis and some lyrics from the Anything But Love theme song.
“In the third and final season of the TV show ANYTHING BUT LOVE, which aired on ABC for a few years, the great singer-songwriter JD Souther wrote this beautiful theme song,” Curtis wrote.
“Try to find it on YouTube and listen to it. If not, I’ve written it down here for you.” Today I’m giving them to my friend Richard Lewis.
She shared lyrics that said, “If we had never met/And the world got on without us/Just as if we were never that at all,”We would still be looking for the next big thing and trying not to fall…
“Anything but love will do and hearts that beat like thunder.”For everyone but you, anything but love would be enough.
Larry David, who also stars on Curb Your Enthusiasm, and other famous people and social media users paid tribute to the late Richard Lewis.
“He’s been like a brother to me for most of my life,” he told HBO. “Richard and I were born three days apart in the same hospital.”
“He was the funniest and nicest person at the same time, which doesn’t happen very often.” The comedian told Variety, “But today he made me cry, and I’ll never forgive him for that.”
Cheryl Hines, who worked with Lewis on the hit show, wrote, “When I was young, I had the biggest crush on Richard Lewis.”
“There was no one funnier or more handsome on stage than him.” Then I got to work with him on Curb Your Enthusiasm, which was a dream come true.
“Over the years, I learned more about Richard and the gifts he gave.” I fell in love with him because he was funny, but he was also one of the nicest people I know.
“Especially in the last few years,” Cheryl said, “he would take the time to tell the people he loved how much they meant to him.” He told me how important I was to him and how much he loved me in between takes on Curb.
“To be loved by Richard Lewis.” A real gift. Richard, I love you. We will miss you. I love you, Joyce, and everyone in Richard’s family. Lawrence, Richard loved you…You already know that, though.
Leave a Reply