Those who wondered how on earth a lowly dollar store could make a go of it on Bayview Ave. may have by now revised their view. Three months in since Dollarama opened, it seems that the company is doing a lot of business on our upscale high street, thank you. You don’t have to go inside the store at 1531-33 Bayview to see just how brisk things are. It’s evident through the front windows that the cash-out aisle (cash or debit only) is seldom empty. The space that for so many years housed Shoppers Drug Mart seems like a good fit for Dollarama. At its new location in the old Bayview Playhouse building, Shoppers has moved even more heavily into name-brand cosmetics. It has added groceries and other household products. Perhaps unwisely, the dispensary was placed on the second level. Down at the low end of things it seems possible that Shoppers will have noticed the presence of Dollarama in such things a cheap bath soap and toiletries, paper goods and candies. The company’s quarterly earning will be released tomorrow (Friday,April 12, 2013) and they are expected to show a strong performance. One estimate suggests that Dollarama will report earnings before interest, taxes, depreciation and amortization of $118.6-million in its fiscal third quarter, up 21.4 per cent from a year ago, with earnings per share rising to $1.01 from 84 cents.We got a buck that says Dollarama likes it here
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Those who wondered how on earth a lowly dollar store could make a go of it on Bayview Ave. may have by now revised their view. Three months in since Dollarama opened, it seems that the company is doing a lot of business on our upscale high street, thank you. You don’t have to go inside the store at 1531-33 Bayview to see just how brisk things are. It’s evident through the front windows that the cash-out aisle (cash or debit only) is seldom empty. The space that for so many years housed Shoppers Drug Mart seems like a good fit for Dollarama. At its new location in the old Bayview Playhouse building, Shoppers has moved even more heavily into name-brand cosmetics. It has added groceries and other household products. Perhaps unwisely, the dispensary was placed on the second level. Down at the low end of things it seems possible that Shoppers will have noticed the presence of Dollarama in such things a cheap bath soap and toiletries, paper goods and candies. The company’s quarterly earning will be released tomorrow (Friday,April 12, 2013) and they are expected to show a strong performance. One estimate suggests that Dollarama will report earnings before interest, taxes, depreciation and amortization of $118.6-million in its fiscal third quarter, up 21.4 per cent from a year ago, with earnings per share rising to $1.01 from 84 cents.