Dollarama Inc.'s food aisles may have expanded far beyond sweet treats or piles of gum by the checkout counter in recent years, but its chief executive maintains his company is 'not in the grocery business,' even if it's keeping an eye on the sector.
Dollarama Inc.'s food aisles may have expanded far beyond sweet treats or piles of gum by the checkout counter in recent years, but its chief executive maintains his company is "not in the grocery business," even if it's keeping an eye on the sector.
However, the competition in the discount segment of the market Dollarama operates in intensified recently when the country's biggest grocery chain began piloting a new ultra-discount store. "What makes Dollarama Dollarama is a very wide assortment of different departments that somewhat represent the old five-and-dime local convenience store," he said.
"The weather got slightly better towards the end of the summer and our sales certainly increased, but not enough to make up for the season's horrible start," he said.Comparable store sales, a key metric for retailers, increased 4.7 per cent, while the average transaction was down 2.2 per cent and traffic was up seven per cent, RBC analyst Irene Nattel pointed out.
"When people feel squeezed, they tend to shy away from discretionary, focus on the basics," Rossy said. "When people are feeling good about their wallet, they tend to be more lax about the basics and more willing to spend on discretionary." In Bucks County, a critical area in a vital swing state, the debate is producing a lot of hard thinking about what to do in November.Family of teen who died in B.C. homeless camp pushes for involuntary treatment for children with addictions
Alberto Fujimori, whose decade-long presidency began with triumphs righting Peru’s economy and defeating a brutal insurgency only to end in a disgrace of autocratic excess that later sent him to prison, has died. He was 86.North Korea fired multiple short-range ballistic missiles toward the sea on Thursday, South Korea's military said, days after North Korean leader Kim Jong Un vowed to put his nuclear force fully ready for battle with its rivals.
In February, when Brianna MacDonald was rushed to hospital because of a suspected overdose, her parents said they begged Surrey Memorial to keep her in the youth psychiatric ward because of her mental health and addiction issues.Billionaire steps out of SpaceX capsule for first private spacewalk hundreds of miles above Earth
Halton Regional Police say they have disrupted a group believed to be responsible for the theft of at least 40 vehicles in Halton Region and the Greater Toronto Area worth over $3 million.Nearly two-dozen drivers were caught in a speed trap outside a Vancouver elementary school on Thursday – as students were settling back into their daily routines.
In February, when Brianna MacDonald was rushed to hospital because of a suspected overdose, her parents said they begged Surrey Memorial to keep her in the youth psychiatric ward because of her mental health and addiction issues.As thousands prepare to take part in Terry Fox Runs this weekend to raise money in the fight against cancer, his hometown has a new legacy project in the works.
Residents of a small Nova Scotia community are worried about who will remove four concrete-filled boxcars sitting in their harbour after a tidal power firm collapsed.'She was very honourable': Cathy Merrick lies in state at Manitoba legislature
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Dollarama keeping an eye on competitors as Loblaw launches new ultra-discount chainDollarama Inc.'s food aisles may have expanded far beyond sweet treats or piles of gum by the checkout counter in recent years, but its chief executive maintains his company is 'not in the grocery business,' even if it's keeping an eye on the sector.
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Loblaw to open new no name discount store in Brockville, Ont.Loblaw is opening a new ultra-discount grocery store in Brockville, Ont. this fall.
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Dollarama keeping an eye on competitorsDollarama Inc.'s food aisles may have expanded far beyond sweet treats or piles of gum by the checkout counter in recent years, but its chief executive maintains his company is 'not in the grocery business,' even if it's keeping an eye on the sector.
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Dollarama CEO says wealthier shoppers are seeking 'lower-cost alternatives'The Toronto-listed shares of the discount retailer have gained more than 43% over the last 12 months.
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Dollarama stock rallies as 'squeezed' consumers boost salesThe Toronto-listed shares of the discount retailer have gained more than 43% over the last 12 months.
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Dollarama reports $285.9M Q2 profit, up from $245.8M a year agoMONTREAL — Dollarama Inc. reported a second-quarter profit of $285.9 million, up from $245.8 million in the same quarter last year as its sales rose 7.4 per ...
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