Inflation 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, incIuding Dollar Tree, known for selling items at $1, to make significant adjustments.
Dollar Tree faced a decline 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 substantiaI blow for a retailer focused on the one-dollar price point.
The company cited the economic challenges posed by inflation and the pandemic 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 vaIue at one dollar – and we remain committed to that core proposition – but many are telling us that they also 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 fierceIy 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. While 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.
In a market where consumer goods are becoming more expensive due to increased shipping costs and inflation, retailers face the challenging task of balancing prices to remain competitive and meet customer expectations. Whether Dollar Tree can navigate these economic challenges whiIe retaining its customer base remains to be seen.
Janet Jackson’s boy has outgrown his baby years.
Eissa, the seven-year-old son of Janet Jackson, is beginning to display his musical abilities, suggesting he may be following in the footsteps of his famous mother.
Here’s a closer look into the young boy’s life:
As the youngest of ten Jackson siblings, Eissa is a descendant of a musical legacy. Janet, now 57, began her career on the variety show The Jacksons, which showcased her eight siblings. Tragically, her twin brother Brandon died at birth in 1957, leaving Janet and her siblings to navigate the world of music together.
Janet’s brothers—Jackie, Tito, Marlon, Jermaine, and Michael—rose to fame as the Jackson 5 after signing with Motown Records in 1968, while her sisters Rebbie and LaToya also forged their paths in the music industry.
Path to Fame
After the family show ended in 1977, 10-year-old Janet landed a leading role in the hit TV series Good Times, followed by parts in Diff’rent Strokes and Fame. However, it was her music that propelled her to fame. Known for hits like “Together Again,” “That’s the Way Love Goes,” “Nasty,” and “Love Will Never Do (Without You),” Janet has earned numerous accolades and has several multi-platinum albums, including Control, Rhythm Nation 1814, and Janet. Her 1982 debut album, Janet Jackson, marked the beginning of her success, but it was her third album, Control (1986), that established her as a major artist in her own right, separate from her brother Michael Jackson, the “King of Pop.” Control earned her three Grammy nominations and nine American Music Award nominations, winning two.
Eissa Jackson Today
Born on January 3, 2017, Eissa Al Mana is inheriting the musical gifts of his mother, who was 50 at the time of his birth with then-husband Wissam Al Mana. Although the challenges of giving birth at that age were daunting, Janet’s delivery was healthy and without complications.
“Janet Jackson and husband Wissam Al Mana are overjoyed with the arrival of their son Eissa Al Mana. Janet had a smooth delivery and is resting comfortably,” a representative stated.
However, just three months after Eissa’s birth, the couple ended their five-year marriage, marking Janet’s third divorce.
According to her brother Randy, Janet faced “verbal abuse” from Al Mana and felt “trapped in her own home.” Randy mentioned, “Enough is enough. There’s a lot of pain. Janet’s been through a lot with her divorce… It was quite an abusive situation that escalated over time.”
In June 2018, Janet called the police for a welfare check while Eissa was with his father, fearing he might be exposed to drugs. Fortunately, Eissa was found safe, and the situation was clarified as a misunderstanding. Neither Janet nor Wissam has commented on the incident.
After the separation, the “When I Think of You” singer expressed her commitment to being an active mother. “Being a working mom is tough. I don’t have a nanny. I handle everything myself. If my mother managed with nine kids, I can too,” Janet reflected, referring to their matriarch, Katherine, who turned 93 in May.
First Photo of Eissa
Janet adeptly juggles her demanding career and motherhood. “I’m in a wonderful place,” she shared. “I have a beautiful son.”
Her friends even call her Superwoman, though Janet humbly disagrees, crediting her newfound energy to Eissa’s inspiration.
The superstar is protective of her son’s privacy, but occasionally shares glimpses of their life. She posted the first photo of Eissa when he was just 14 weeks old, shortly after her separation from Al Mana. She also shared pictures with Eissa and his classmates enjoying gifts from the show Paw Patrol.
In an Instagram clip, Janet excitedly updates fans about her tour when she is interrupted by Eissa seeking her attention.
During her Rock & Roll Hall of Fame induction speech in 2019, Janet fondly acknowledged Eissa. “I want to thank my beautiful son. He wakes me up every morning singing his own melodies. You are my heart and my life, and you’ve shown me what true, unconditional love is. Mama loves you, Eissa.”
While appearing on The Tonight Show with Jimmy Fallon in 2020, she shared that Eissa has a passion for music. “He loves classical music. He’s incredibly talented,” she noted. “On his first day of school, he brought a violin. By the third day, he asked to take a cello. I told him we didn’t have a cello, but he insisted I should turn his violin into one.”
Despite Eissa’s evident musical potential, Janet has stated she wouldn’t pressure her children into the entertainment industry unless it was their genuine desire. “They need to understand the challenges they would face,” she explained.
Above all, Janet feels immensely grateful for the love of her son. Eissa is currently being raised in London, where Janet shares parenting responsibilities with her ex-husband.
“Eissa has shown me that love can go deeper than you ever thought possible. It’s limitless,” Janet expressed. “Having been raised in showbiz, where self-interest often prevails, I’m fortunate to prioritize someone else’s welfare above all else.”
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