From slinkies to party favours, late-night goodies and first apartment essentials, Dollarama has really been there for it all, hasn’t it? For this reason, it’s no surprise that the Canadian chain actually plans to open thousands of new stores coast to coast over the next 10 years.
In a recent press release, the company announced that due to a sales increase of 3.6%, they feel as though it’s the right time to expand.
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“Based on our historical performance, our hard-earned position as a weekly shopping destination for Canadian families, and a careful evaluation of market potential and dynamics, we are increasing our long-term growth target in Canada to 2,000 stores by 2031,” said Neil Rossy, President and CEO of Dollarama.
“In Fiscal 2021, we achieved solid results in a truly unprecedented year, which reconfirmed the resilience of our business model and the relevance of our offering to Canadians from all walks of life,” he continued.
Honestly, it’s pretty freaking cool to see a Canadian company do so well, grow and create more jobs, especially considering everything going on, so we’re here for it. After all, who doesn’t love a good bargain?
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