Our new neighbor, Dollarama, announced third quarter results today. The dollar store (or maybe it should be “two dollar store”) produced a 33.5 percent increase in profit, attributable mostly to the opening of new stores. Dollarama has 690 stores and is on a blazing program of expansion, opening 51 stores since October of 2010. Concerns about same-store lower traffic appeared to have been put aside although its clear that Dollarama ‘s profit is getting a jet-boost from higher prices. It did note a decline of .01 percent in overall transactions. Read it all.
