Since becoming a freelance writer in 2019, Emily has developed significant experience covering viral pop culture moments and trending news topics in the health and wellness space, while also writing about mental health, relationships, and smarter living.
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Despite the retailer’s rising prevalence on social media, Dollar Tree is struggling to stay afloat amid inflation-related challenges and the recent seismic shift in consumer purchasing behavior. In a digital universe, Dollar Tree is the store on every TikToker's lips. The discount chain, where products cost only $1.25, has cultivated an impressive online following. But it appears that not even the bestcan pull this bargain chain from the financial trenches.
Looking ahead, Dollar Tree has adjusted its full-year outlook based on last quarter’s earnings and growing concerns about consumer buying trends. Net sales are now projected to range between $30.6 billion and $30.9 billion, compared to the previous $31 billion to $32 billion. As a result, shares have dropped by 22 percent, per CNBC.across all major categories, are to blame.
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