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’.
SEVENTY YEARS AGO, SHE WAS KICKED OUT FOR BEING IN LOVE WITH A BLACK MAN. NOW, SEE HOW THEY ARE DOING TODAY.
Jake and Mary Jacobs marked their 70th anniversary of a happy marriage last year, but their journey wasn’t simple.
Mary, who is White, and Jake, who is Black, lived in the same city in 1940s Britain. At that time, there weren’t many Black men there.
Even though Mary’s father told her to leave, Mary chose love over easy choices.
“When I told my father I was going to marry Jake, he said, ‘If you marry that man, you will never set foot in this house again.’”
Mary and Jake first met at a technical college where Mary was learning typing and shorthand, and Jake was undergoing Air Force training. They met during the war when Jake moved from Trinidad to Britain.
Jake impressed Mary with his understanding of Shakespeare, and they got to know each other. One day, they invited Mary and her friend to join them for a picnic. Unfortunately, someone passing by saw them and reported Mary to her father. The woman was shocked to see two English girls talking with black guys. After this incident, Mary wasn’t allowed to visit her father again.
After Jake returned to Trinidad, they kept in touch through letters. A few years later, he came back to the U.K. to find a better-paying job.
Jake surprised Mary by proposing, and she, at 19, said yes. However, when she told her family, they kicked her out.
“I left with only one small suitcase. No family came to our registry office wedding in 1948.”
Mary’s father was upset about her marrying a black man, and Mary didn’t realize that society felt the same way.
The early years of their marriage in Birmingham were tough. Mary cried every day, hardly ate, and they faced many challenges. Nobody would talk to them, they couldn’t find a place to live because nobody would rent to a black man, and they had little money.
Even walking down the street together was hard because people would point at them, Mary explained.
Mary and Jake were excited to become parents, but at eight months, Mary gave birth to a stillborn child. She mentioned it wasn’t due to the stress she was under, but it deeply saddened them, and they didn’t have any more children.
As time passed, their lives improved. Mary became a teacher and eventually an assistant principal, while Jake found a job with the Post Office. They made new friends, but Mary felt the need to explain to people that her husband was black before introducing them.
“My father passed away when I was 30, and even though we reconciled by then, he never approved of Jake,” she shared.
Currently, Jake, 89, and Mary, 84, live in Solihull, a town south of Birmingham. They recently celebrated 70 years of marriage.
Jake said he has no regrets, but he also mentioned that today’s black youth may not fully understand the challenges he faced in 1940s Britain.
“When I arrived in the U.K., I faced abuse every day. Once, on a bus, a man rubbed his hands on my neck and said, ‘I wanted to see if the dirt would come off.’ Back then, working in an office as a black man with white girls wasn’t considered safe,” Jake explained.
Despite all the challenges, bias, and abuse, the pair is still deeply in love and has no regrets about being married. They have been happily married for more than 70 years.
These two are a true inspiration, and I wish them a lifetime of pleasure because of the love they have for one another.
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