The discounter has increased its long-term store growth target in the country to around 2,000 stores in the next ten years.
Previousy, Dollarama had set a long-term goal of 1,700 stores with each new store capital payback period taking roughly two years. Dollarama operated 1,356 stores at the end of January.
Neil Rossy, President and Chief Executive Officer at Dollarama, commented: “Based on our historial performance, our hard-eared 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.”
