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More Than a Buck

More Than a Buck

For those of you who are big fans of the 99 Cent Only stores, they've just announced an increase in prices for the first time in 26 years. Oddly enough, the price is still just under $1, but the move raises the prices enough to help the company offset the higher costs of business.

Fear not, you can still walk into your favorite dollar store and purchase an item for 99 cents. The price increase took it to 99.99 cents, which means a little more on the tax side. The company has reported two quarterly losses, and last month they lost $1.5 million-roughly two cents a share. This marginal price increase should be enough to help cover those losses while still letting frugal shoppers be frugal.

Have you ever shopped at a 99 cent store? Does this price increase really mean much? [USA Today]

Posted: 9/10/08
lilliede81

I regularly shop at 99 cents stores. One of them offers, along with the regular canned foods, fresh fruit and veggies! Another, The Dollar Tree, has frozen foods, veggies included. And there are a number of discount groceries, where things are cheaper than in the regular grocery chains. Of course, you have to really know your prices as the cost of some items can be about the same as in the chain groceries. When one is on a limited budget, every little bit helps.

Cwolf112

I frequently shop at the 99 cent stores, especially for things like paper towels, tooth paste, hangers, etc—stuff that I don't feel needs to be of the best quality and stuff i don't think i should be shelling out tons of dough for. i haven't gone since this price increase, so i'm not sure how i'll feel....but I'm sure it's still cheaper than the pharmacy so this probably won't stop me.