Live data from Hacker News

Dollar Tree says US$1.25 price point to become new standard

bnnbloomberg.ca

71–80 of 341 posts

Re: Dollar Tree says US$1.25 price point to become new standard

#71
post #11

Been a couple years since I've stepped foot in a Dollar Tree, but by and large I don't recall very many things actually still being under a dollar, except maybe candy?

That's Family Dollar and Dollar General. Dollar Tree is/was the "true" remaining dollar store.

Along with 99 cent only.

Re: Dollar Tree says US$1.25 price point to become new standard

#72
post #53

Earlier quoted context omitted.

Offer $5 & $10 coins

This isn't a Chuck E. Cheese, paper notes are just fine. Nobody asked "what about the guy who makes the yokes" when John Deere took his first spin.

Paper notes are extremely expensive to maintain because they can't stay in circulation long before they're worn out and need to be replaced.

We really should be using $1, $2, $5 and $10 coins

Re: Dollar Tree says US$1.25 price point to become new standard

#73

Earlier quoted context omitted.

> why is gas always ab extra 9/10 of a penny Same reason things are $.99, $19.95, $299.99 instead of $1.00, $20.00, $300.00. In the US, there's many places that have 2 or 3 gas stations in near vicinity and price competition is fierce. So the $0.01 matters, people will drive to the gas station down the block to save that penny per gallon.

If it is 9/10 of a penny, then it is $0.001 per gallon. Fueling a 20 gallon tank is $0.02.

> If it is 9/10 of a penny, then it is $0.001 per gallon. Fueling a 20 gallon tank is $0.02.

… and some people will drive down the block for those 2 cents, even though they may not realize that it’s only 2 cents. It’s just “cheaper” to them.

Re: Dollar Tree says US$1.25 price point to become new standard

#74

i see dollar tree going broke...they used to sell groceries and sundry goods cheaper than the big stores...now they are more expensive with a lot of item as compared to the bigger stores...convenience stores with gas pumps can get away with that--everyone needs gas...but now that dollar store is no longer cheaper than the big stores, and have no gas pumps, what is the attraction?

The company also owns the Family Dollar chain and has been converting some stores into dual brands. Those conversions might increase as it gives the company a way to maintain both brands but not be limited by the $1 (or $1.25) price point.

Re: Dollar Tree says US$1.25 price point to become new standard

#75
post #36

Dollar Tree can't be beat for things like cleaning supplies, commodity-type CPG items like soap and seasonal decorations-- but those items likely aren't where they make their money (they average a 30% GM, imported trinkets will have higher margin but lower volume than consumer staples). I've spoken to managers at multiple locations and the consensus top category by volume is candy, followed by paper goods. After that…

Sure, if you have time to wait on a huge line. Every time I find myself in a dollar store there’s one cashier serving dozens of angry people lined up to checkout. Whatever deal I might be getting isn’t worth my time to actually wait to pay.

I think this is highly variable between stores. When I lived in Dallas, the line to check out at Dollar Tree was ridiculous, but the one I live near in Brooklyn typically has multiple lines with a few cashiers working. I don't think I've ever waited more than 15 minutes, and typically I wait less than five.

Re: Dollar Tree says US$1.25 price point to become new standard

#76

Along these line why is the US still minting pennies? At some point we could just start rounding to the nearest nickel (or dime). Also, why is gas always ab extra 9/10 of a penny? Reminds me of paying 3123 RON for a Big Mac in Romania -- that last digit is just noise at the consumer level.

> why is gas always ab extra 9/10 of a penny Same reason things are $.99, $19.95, $299.99 instead of $1.00, $20.00, $300.00. In the US, there's many places that have 2 or 3 gas stations in near vicinity and price competition is fierce. So the $0.01 matters, people will drive to the gas station down the block to save that penny per gallon.

It's a bit of the "look, it's not the next unit up," but it's also a bit of a tongue in cheek "this last 9/10th of a cent is the government collecting tax." It's no longer really true, since taxes make up much more than 1 cent of the cost of fuel, but it's stuck around as a reminder anyway.

Re: Dollar Tree says US$1.25 price point to become new standard

#77
post #65

Earlier quoted context omitted.

Are you thinking Dollar General? No Dollar Tree I've been in had groceries--maybe candy, but usually it's things like cheap plastic toys, paper plates/plasticware and cheap decorations for birthdays and the current holiday.

Yes some Dollar Tree stores have refrigerated and freezer sections.

Can confirm, the Dollar Tree near me has this.

Re: Dollar Tree says US$1.25 price point to become new standard

#78

Earlier quoted context omitted.

It is a free country, anyone is justified to ask for any raise anytime they want.

It is a free forum, we can post the most obvious insights anytime we want.

My tongue-in-cheek point is that no one should wait for their employer to raise the price of the goods or services they are selling to ask for a raise, because there is no justification needed other than doing what you want to do, which includes selling your labor to a different employer for a higher price.

Re: Dollar Tree says US$1.25 price point to become new standard

#79
post #53

Earlier quoted context omitted.

This isn't a Chuck E. Cheese, paper notes are just fine. Nobody asked "what about the guy who makes the yokes" when John Deere took his first spin.

Paper notes are extremely expensive to maintain because they can't stay in circulation long before they're worn out and need to be replaced. We really should be using $1, $2, $5 and $10 coins

Paper and linen are renewable materials that are made from easy low-impact resources to be extracted and processed, they can be remade and reissued many times for a fraction of the impact of a metal coin, not to mention the cost to transport any amount over pocket change.

Re: Dollar Tree says US$1.25 price point to become new standard

#80
post #5

I suppose their employees would then be justified asking for a 25% raise?

Anyone who hasn't gotten a raise in the past year should get at least 6.2%, unless their employer is signaling to them that they value their contributions 6.2% less than last year. If you improved your skills at all, or took on additional responsibilities due to Covid 25% isn't at all a stretch, especially at dollar store wages.

>Anyone who hasn't gotten a raise in the past year should get at least 6.2%, unless their employer is signaling to them that they value their contributions 6.2% less than last year.

Fruits and vegetables are very nutritious, but the price I pay for them has little bearing on their value to me. I would easily pay double or triple or even more. But I do not because a different fruit and vegetable seller is willing to sell them for less.

Similarly, it is possible for the supply and demand curves to move in a manner that makes the price of certain types of labor not increase or even decrease compared to price increases of other types of labor.

For example, labor where you can sit safely inside a home behind a computer screen rather than deal with sick people with contagious infections.

Post reply on HN