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.
Denise Alexander, a former cast member of ‘General Hospital,’ pays tribute to her late co-star Jacklyn Zeman
Jacklyn Zeman, who played Bobbie Spencer for 45 years on ABC’s General Hospital has died aged 70. As per reports, she fought cancer for a short while prior to her sudden passing.
The news of her passing was shared by the show’s executive producer Frank Valentini.
“I am heartbroken to announce the passing of our beloved Jackie Zeman,” he posted on Twitter. “Just like her character, the legendary Bobbie Spencer, she was a bright light and a true professional that brought so much positive energy with her work.”
ABC Entertainment and General Hospital released a statement as well. “Jacklyn Zeman has been a beloved member of the General Hospital and ABC family since she originated the iconic role of Bobbie Spencer over 45 years ago. She leaves behind a lasting legacy for her Emmy-nominated portrayal of the bad girl turned heroine and will always be remembered for her kind heart and radiant spirit. We are devastated by the news of her passing, and send our deepest condolences to Jackie’s family, friends and loved ones.”
Zeman first joined the cast of the long-running daytime drama in 1977, according to Imdb.
Zeman’s sudden passing came three days prior to her birthday and less than two weeks after her final episode of General Hospital, which aired on April 27.
Denise Alexander, Zeman’s co-star, shared a touching tribute. “Oh girl, I can’t stop crying because I keep hearing your voice and laughing. I have always loved and cherished your sweetness, humor, brilliance, and lovely goodness. The finest embraces, too. I will always love you. Denise,” she wrote in a brief letter that was first made available by Soap Hub on May 15.
“I’m very happy that I got to spend so much time with this lovely woman. Jackie had the best stories to tell, a contagious spirit, and such a remarkable life. She enjoyed working on General Hospital,” Laura Wright, who portrayed Carly Spencer, the character who was Zeman’s daughter in the serial show, stated on Instagram.
Tamara Braun was among those who pays their tribute to Zeman. “I am at a loss for words. This hurts and disturbs me beyond words. I wish to hug you. Join us in our laughter. Tell stories. Talk real talk because that’s what we did.”
Zeman is survived by two daughters, Cassidy and Lacey from her first marriage to Glenn Gordon. She was married and divorced two more times to Steve Gribbin and disc jockey Murray Kaufman who went by “Murray the K.”
Rest in peace, Jacklyn Zeman, you are missed.
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