reached 4.2% in July, the highest in three decades. California sending out 2 million $600-$1,100 stimulus payments next weekĪnnual inflation in the U.S.Will the hiring malaise ruin holiday shopping this year?.Survey: 40% of employees ‘somewhat likely’ to quit their jobs in 3 to 6 months.COVID delta variant spooks consumers, slows California recovery.US initial jobless claims rise again, led by California.But a dollar this year will not buy you what it did in 2020. Raising some prices will certainly give the national chain some flexibility and likely more variety on its shelves. “For decades, our customers have enjoyed the ‘thrill-of-the-hunt’ for value 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,” said CEO Michael Witynski in a prepared statement. That’s a huge hit for any business, perhaps more so for one founded decades ago steadfastly calling itself “Only $1.00 Inc.” Last month the retail chain said that rising shipping costs would take a bite of $1.50 to $1.60 out of its per-share profits this year.
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