Dollarama - The Dominant Dollar Store in Canada
Republishing this post which was originally part of a year end portfolio review
Originally published in January 2024
Dollarama is the dominant dollar store in Canada. It currently operates 1541 stores in Canada which is pretty well distributed across Canada. It is still in store expansion mode, having established 21, 18 and 16 stores in the latest 3 quarters (Q1, Q2, Q3 respectively) and having opened 65 stores in 2022.
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In contrast to US where you have multiple players in the dollar store segment, notably Dollar Tree and Dollar General, Dollarama rules this segment. Dollarama mentions that the top 4 competitors owns in aggregation 550 stores…