Dollarama to open 400 more Canadian stores

The company plans to open about 85 stores in 2014 and between 70 and 80 stores in 2015. Most new stores will be in Ontario and in Western Canada. The company also plans to expand internationally, with 15 stores planned for El Salvador and stores potentially in Costa Rica, Columbia and Peru. 

Dollarama is Canada’s largest retailer of items costing three dollars or less. The company was founded in 1992 and currently has about 800 Canadian locations. All products are priced up to and including three dollars. It was founded by the company’s CEO, Larry Rossy. The company expects to eventually operate about 1,200 Canadian store locations. 

Dollarama’s CFO Michael Ross provided the above information during his presentation at CIBC’s Retail and Consumer Investor’s Conference on Wednesday, March 26th. This information was initially reported by the Toronto Star

Article Author

Craig Patterson
Craig Patterson
Now located in Toronto, Craig is a retail analyst and consultant at the Retail Council of Canada. He's also the Director of Applied Research at the University of Alberta School of Retailing in Edmonton. He has studied the Canadian retail landscape for the past 25 years and he holds Bachelor of Commerce and Bachelor of Laws Degrees. He is also President & CEO of Vancouver-based Retail Insider Media Ltd.

More From The Author

Renovated Holt Renfrew facade on Bloor Street. Photo: Doublespace Photography

Holt Renfrew Unveils Overhauled Mink Mile Flagship Facade and Main Floor...

The luxury department store’s ‘mothership’ has seen the launch of several impressive new concession boutiques as the flagship sees an incredible transformation.
Rendering of the newly-renovated Hudson's Bay store and office building extension. Rendering: Menkes Shooner Dagenais LeTourneux

Downtown Montreal Hudson’s Bay Store Redevelopment Renderings and Plans Revealed

The store’s retail space will be downsized and renovated while a new office tower is added at the back end of the store.

RECENT RETAIL INSIDER VIDEOS

1 COMMENT

LEAVE A REPLY

Please enter your comment!
Please enter your name here

RECENT ARTICLES

Photo Tour: The Ever-Changing Sherwood Park Mall in Sherwood Park, Alberta

The shopping centre in suburban Edmonton has seen new tenants replace old ones after the demise of Target in Canada.

Brick-and-Mortar Will Continue to Be Critical for Retail in Canada Post-Pandemic: Claude Sirois

The industry expert and former head of retail at Ivanhoé Cambridge conceptualizes a future where experiential physical retail will be harmonious with digital channels.

BRIEF: Daiso Opening 1st Corporate Store in Canada, Montecristo Jewellers Opening in Vancouver’s ‘Luxury Zone’

Other News: Grocer Rabba expands Paramount Fine Foods partnership, RW&CO celebrates entrepreneurship, UofT startup launches new shoe sizing technology.

Subscribe

* indicates required
Get Connected

MOST-READ ARTICLES

International Retailers Continue to Enter Canadian Market Despite Pandemic [List/Analysis]

Retail Insider analysis of the international retailers that have entered Canada over the past 12 months as the industry looks to an uncertain future.

Canadian Footwear Brand Maguire Opens First Toronto Store

The Montreal company anticipates lower rents and as a result, plans to selectively open more locations while also significantly growing e-commerce.

Big Changes Coming for Canadian Grocery in 2021 and Beyond: Expert

Expansion of omnichannel development and greater use of predictive analytics and machine learning to help shape the grocery experience of tomorrow.
- Advertisement -
- Advertisement -
- Advertisement -