Dollar Tree: Pricing to rise from $1 to $1.25 at 8,000 stores

CHESAPEAKE, Virginia: Discount retail chain Dollar Tree said it will raise its prices from $1 to $1.25 for most of its products, due to the increasing cost of supplies and transport.

Raising prices permanently to $1.25 was not due to "short-term or transitory market conditions," company officials added, noting that higher prices will also allow the company to cope with increased costs of merchandise, as well as