08:57:07 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Dollarama Inc
Symbol DOL
Shares Issued 66,574,316
Close 2014-07-28 C$ 89.80
Market Cap C$ 5,978,373,577
Recent Sedar Documents

FP says Dollarama could face a food fight

2014-07-29 08:10 ET - In the News

The Financial Post reports in its Tuesday, July 29, edition that Dollar Tree's acquisition of United States rival Family Dollar Stores is unlikely to topple Dollarama's ($89.80) dominant market share in Canada, but it could attempt to challenge people's perceptions about the types of goods a dollar store sells. The Post's Hollie Shaw writes that in the U.S., dollar stores carry a large assortment of packaged and frozen food, while Canadian consumers venture to Dollarama mostly for household goods, toiletries and kitchen accessories, paper products and seasonal items. "Dollar stores here have traditionally featured a minimal amount of food and are not a big player in the grocery business," said retail consultant Ed Strapagiel. He says: "Dollar Tree Canada could feature food, and roll the dice and try to get ahead on that basis. Canadian consumers tend to go shopping with their wallets -- they are always up for a deal. ... But grocery retail is still very competitive in Canada, much more so than it used to be, and that would make it a lot harder for any dollar store to move into that category." Dollar Tree's move on Family Dollar will make it North America's largest discount retailer.

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