During its fiscal year that ended in late January 2024, the Dollarama chain of value stores featuring its broad assortment of consumable products, general merchandise and seasonal items, added 65 net new stores to end its year with 1551 locations across Canada. For its fiscal year, the company reported a 16.1 percent sales increase to $5,867.3 million(Cdn), compared to $5,052.7 million in the previous fiscal year. In addition, comparable store sales grew 12.8 percent, over and above a twelve percent growth the previous year. This strong comparable store sales reflect strong demand across all product categories, including stronger than historical demand for consumables, and the continued refresh of its product offering. “Looking ahead to Fiscal 2025, we expect to generate strong comparable store sales growth of between 3.5 percent to 4.5 percent, over and above an exceptional two years of double-digit growth, by staying true to our value and convenience promise to Canadian consumers,” said President, CEO Neil Rossy. The company also intends to maintain its pace of new store openings, adding 60 to 70 net new stores in 2025. The Dollarama stores generally operate in 8000 to 15,000 square foot locations in malls, strip and power centres, lifestyle centres and street front locations in metropolitan areas, mid-sized cities and small towns, all across Canada. Dollarama’s Canadian site selection is handled by Oberfeld Snowcap. Dollarama Inc also owns a 50.1 percent interest in Dollarcity, a growing Latin American value retailer. Dollarcity offers a broad assortment of consumable products, general merchandise and seasonal items at select, fixed price points up to $4.00(US) in 532 stores in El Salvador, Guatemala, Colombia and Peru.
Oberfeld Snowcap, 8000 Decarie Blvd., Suite 290, Montreal, Quebec H4P 2S4 (514/738-4330)
Dollarama Inc., 5805 Royalmount, Montreal, Quebec H4P 0A1 (514/737-1006 www.dollarama.com)