Dollarama

Canadian dollar store retail chain

Dollarama is a dollar store chain. The chain was created by Larry Rossy in 1992.[2] The first Dollarama was opened at the shopping centre "Les promenades du St-Laurent" in Matane, Quebec in April, 1992.[3] The discount retailer grew to 44 stores.[4]

Dollarama Inc.
Public (TSXDOL)
IndustryRetail
Founded1992
HeadquartersMontreal, Quebec, Canada
ProductsCleaning supplies, Toys, Candy, Grocery, Gifts, Healthcare products, Kitchenware, Stationery, Party Supplies, Hardware.
RevenueIncrease $1.420 billion CAD (2009)[1]
Increase $116.8 million CAD
Websitewww.dollarama.com
A Dollarama store in the Parkdale neighbourhood of Toronto

Many items are priced at $1.00 or less. In early 2009, Dollarama began to introduce items priced up to $2.00 (including $1.25 and $1.50 price points).Dollarama has always had a No Return and No Exchange Policy.

In November 2004, 80 percent of Dollarama was sold to a private equity fund, Bain Capital, of Boston, Massachusetts for $850 million US.[5]

ReferencesEdit

  1. "Fourth Quarter Earnings Release" (PDF). Dollarama Inc. Archived from the original (PDF) on 2013-05-18. Retrieved 2014-03-10.
  2. "About Us". Dollarama. Retrieved 2014-03-10.
  3. "Our History". Dollarama. Archived from the original on 2011-06-29. Retrieved 2014-03-10.
  4. https://rossy.ca/en/about-us/
  5. "Dollarama undergoes major transformation". National Post. Retrieved 2014-03-10.

Other websitesEdit