Dollar Tree CEO sends blunt message on prices, economy
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By Celine Provini
Published on March 11, 2026.
Dollar Tree CEO Mike Creedon has acknowledged that everyone is struggling, with low and moderate earners struggling to keep up with bills, while higher earners are feeling squeezed. In a CBS News poll, 19% of people with incomes of $100,000 or more rated their financial situation as "bad" by rating it as bad. In February, food costs rose 3.1% on an annual basis, and dining out costs increased 3.9%. In 2025, 92% of consumers expected to cut back on spending in 2025, according to Resume Now’s 2026 Cost-of-Living Crunch Report. However, Dollar Tree acknowledged that lower-income households are relying on its stores more than ever, but also noted that a growing number of higher-income earners are frequenting its stores. The retailer had 3 million more households shop at its stores in Q4 compared to the same period, but about 60% of these new shoppers came from households earning more than $100k.
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