Investor wants Dollar Tree to raise prices
An investor wants dollar tree to raise its prices.
Starboard Value Hedge Fund CEO Jeffrey Smith says the store
has lowered the value of the products it sells, but when you think about it,
they sort of have to in order to keep up with inflation.
A dollar's worth of merchandise in 1986 would cost you roughly $2.30 today.
Starboard Value recently took a 1.7% stake in the bargain retailer and wants to work with Dollar Tree on its pricing strategy.
Dollar Tree responded politely to the suggestions, but it appears likely to push back on any proposed changes.