InfIation 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, including ‘Dollar Tree’, known for selling items at $1, to make significant adjustments.
‘Dollar Tree’ faced a decIine 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 substantial blow for a retailer focused on the one-dollar price point.
The company cited the economic challenges posed by infIation and the pand emic 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 value at one dollar – and we remain committed to that core proposition – but many are telling us that they aIso 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 fiercely 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 appeal. WhiIe 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’.
Praying for Jimmy Carter as His Foundation Makes Dreadful News
According to new reports, former President Jimmy Carter has entered hospice care. According to a statement provided by The Carter Center, the 39th president’s choice to enter hospice comes after many hospital hospitalizations.
“Following a series of short hospital stints, former US President Jimmy Carter elected to spend his remaining time at home with his family and receive hospice care instead of extra medical intervention. His family and medical staff are completely behind him.”
At 98 years old, Carter is the oldest living president. He’s held that record since 2018, when George H.W. Bush died at the age of 94, according to CNN.
Carter has had several health problems in recent years. The former president defeated brain cancer in 2015, and in 2019, he underwent brain surgery to relieve the growing strain.
Jimmy is a retired peanut farmer, US Navy Lieutenant, Sunday School teacher, and former US president. He is also a Habitat for Humanity volunteer and a 2002 Nobel Peace Prize winner.
Carter and his wife, Rosalynn Carter, live in Plains, Georgia. Amy, Donnel, Jack, and James are their four children.
Our thoughts and prayers are with Jimmy and his family as they support him through this difficult time.
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Jimmy and Rosalynn Carter honored with first-ever CNN Heroes Legacy Award
CNN announced its “Heroes of the Year” awards on Sunday night and for the first time ever, CNN also awarded a “Heroes Legacy Award.”
The inaugural winner? It’s former President Jimmy Carter and his late wife first lady Rosalynn Carter. CNN recognized Georgia’s favorite couple for their lifetime commitment to community service.
Rosalynn Carter died in November at the age of 96. Jimmy Carter has been in hospice care since February. The Carters’ granddaughter Sarah Carter accepted the award on her grandparents’ behalf.
“My grandparents had the ability to envision the world as it should be with astonishing moral clarity and the audacity and determination to pursue that vision over decades. And they touched so many people’s lives along the way,” Sarah Carter said.
The Carter family has committed their lives to several notable causes.
Jimmy Carter has worked in partnership with Habitat for Humanity since the mid-1980s. He earlier volunteered with the organization in Americus, Georgia where it was founded.
Rosalynn Carter made it her life mission to advocate for mental health. She played a key role in the passage of a federal law requiring insurance to pay for mental health treatment on par with physical illnesses.
President and Mrs. Carter were the longest-ever married presidential couple, having wed in 1946.
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