Under $1 Stores Getting Hit

Could dollar stores be headed the way of the dodo? It’s quite possible. One famous under $1 store has had to raise its prices. BloggingStocks reports that 99 Cents Only is upping its prices to 99.99 cents. It’s still technically under a dollar, but for practical purposes everything is going to be rounded up to $1.

The inflation going on right now (crazy inflation — my grocery bill can no longer be kept under $100) is making these discount stores reconsider policies of “Only $1″ and “Everything less than $1″. It just can’t be done.

99 Cents Only is not the only discount store to be having these problems. Indeed, I expect many of these stores will be changing their names soon.