Dollarama sales surge 12.8% in Q2

Canada’s $2 or less low-end product phenomenon Dollarama has produced another buoyant quarter. It announced an increase in sales of 12.8% in sales and sharply higher earnings.The quarter ended July 31, 2011. Dollarama, with 680 stores across Canada, said sales reached $387.5 million, up from $343.5 million a year earlier. Net earnings were $37.7 million, or 50 cents a share, up from $27.6 million, or 37 cents a share.