The price change will impact over 300 items across 3,000 stores
by Charna Flam
Yahoo! Finance, Canada
The discount retailer announced in its fourth-quarter earnings call earlier this month that it is increasing stores’ price cap to $7.
The recent increase follows the June 2023 $5 cap, reported Yahoo Finance, and the 2021 increase from $1 to $1.25, per CNN.
“This year, across 3,000 stores, we expect to expand our multi-price assortment by over 300 items at price points ranging from $1.50 to $7,” company CEO Rick Dreiling reported during the March 13 call. Dreiling explained that this multi-price assortment would impact the prices of food, pet and personal care items.