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.

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