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’.
Hollywood Icon Teri Garr Passes Away — Cause of Death Revealed
Hollywood is grieving the loss of Teri Garr, a beloved actress admired for her charm, humor, and talent.
Garr, aged 79, passed away on Tuesday after a long struggle with multiple sclerosis.
Garr, 79, passed on Tuesday after a long fight with multiple sclerosis. Her publicist, Heidi Schaeffer, shared that Garr was surrounded by family and close friends at the time.
In 2002, Garr publicly revealed her diagnosis on “Larry King Live,” admitting that she had quietly managed the condition for almost 20 years before opening up.
She explained she hadn’t spoken out sooner because doctors took years to confirm the diagnosis, which she described as “a hard one” to identify. Even once she knew, Garr said she didn’t feel the need to share it widely.
Garr’s career was legendary. She brought laughter and depth to the screen, with memorable roles in classics like Young Frankenstein and Mr. Mom.
Her role as Sandy Lester in the 1982 comedy Tootsie earned her an Academy Award nomination, marking her as a strong comedic talent. She leaves behind a legacy of laughter and love.
Garr’s passing has sparked tributes from friends, fans, and colleagues, including actors Michael Keaton, Mel Brooks, and Lisa Kudrow.
Keaton, who starred with her in Mr. Mom, shared his sadness, calling it “a day I feared.” He remembered her as wonderful both on and off set and encouraged people to revisit her work.
Kudrow, who acted with Garr in Friends, honored her as “a comedic genius” and said working with her was a blessing.
Director Brooks, who cast Garr in Young Frankenstein, expressed deep sadness. He praised her humor and remembered how her character’s “German accent” brought joy to the set.
Screenwriter Cinco Paul wrote a heartfelt tribute, calling her “never the star, but always shining,” crediting her with adding magic to everything she did.
Film producer Paul Feig also shared his sorrow, describing Garr as “a legend” and saying she was “one of my comedy heroes.” He expressed how deeply her passing touched him.
Garr was born in Ohio in 1944 to parents in entertainment. Her father performed in vaudeville, and her mother was a Rockette who later worked in costume production.
The family, including her two brothers, moved to New Jersey before settling in Los Angeles. Sadly, her father passed away when she was 11. Reflecting on her mother’s strength, Garr once shared how her mother “put two kids through school” while working in the studio costume department.
After studying ballet, Garr left college and moved to New York to pursue acting. She trained at the Actors Studio and Lee Strasberg Theatre and Film Institute, going on to an extraordinary career with over 150 film and television roles.
Her career left a lasting impact on audiences, bringing smiles and joy through unforgettable characters.
Garr’s presence and talent will be greatly missed. She brought warmth, humor, and light, leaving behind memories that will forever touch the hearts of fans. Rest in peace, Teri Garr.
Teri Garr, the beloved actress known for her warmth, wit, and talent, has passed away, leaving Hollywood in mourning.
Leave a Reply