- Dollarama
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Dollarama Inc. 
Type Public
TSX: DOLIndustry Retail Founded 1992 Headquarters Montreal, Quebec, Canada Products Cleaning supplies, Toys, Candy, Grocery, Gifts, Healthcare products, Kitchenware, Stationery, Party Supplies, Hardware. Revenue 
$1.420 billion CAD (2009)[1]Net income $116.8 million CAD (2009)[1]Website www.dollarama.com Dollarama is a chain of over 690 dollar stores across Canada. The company is headquartered in Montreal and, since 2009, is Canada's largest retailer of items for 2 dollars or less. [2] The first Dollarama store was created at the shopping centre "Les promenades du St-Laurent" in Matane. Dollarama now has stores in every province of Canada, with Ontario having the most stores.[3]
The majority of items are $1.00[4] although in early 2009 Dollarama also introduced items priced at $1.25, $1.50 and $2.00. Notable exceptions to this policy include chocolate bars and chewing gum, which are currently sold for $0.69. All Dollarama stores now accept Interac.
The $1.25, $1.50, and $2.00 price level increase allowed the store to acquire products from a greater variety of sources, including closeout sales.[5]
Dollarama has pioneered by sourcing customized products from manufactures, evidenced by the numerous in-store items which have Dollarama's name printed on the product labels. In mid-2009 they joined other retail chains in rolling out their own store brand, "D". Unlike most dollar/discount stores, they source products directly from manufacturers, rather than local distributors.
Lawrence Rossy was the head of the parent company of Dollarama, S. Rossy Inc. which used to operate a Rossy discount department store chain. He founded the privately held chain in 1992 and created a profitable business that became very successful.[4] In November 2004, 80 percent of the chain was sold for $850 million US, to a private equity fund, Bain Capital, of Boston, Massachusetts.[4]
Dollarama mainly sells soft drink products from Coca-Cola Ltd. & Cott Beverages.
See also
References
- ^ a b "Fourth Quarter Earnings Release". Dollarama Inc.. 07-04-11. http://www.dollarama.com/wp-content/uploads/2011/04/DOL-Q4-11-ENGLISH-PR-Final.pdf. Retrieved 29-04-11.
- ^ "About Dollarama". Dollarama. http://www.dollarama.com/about_us/. Retrieved 29-04-11.
- ^ "Dollarama History". Dollarama. http://www.dollarama.com/about_us/our_history/. Retrieved 29-04-11.
- ^ a b c "Dollarama undergoes major transformation". Montreal: National Post. June 1, 2006. http://www.canada.com/nationalpost/financialpost/story.html?id=7dcebed2-ab61-413f-bf93-19b08cd945d9.
- ^ Silcoff, Sean (September 18, 2008). "Million-dollar question: Are $5 stores up next?". Globe And Mail. https://secure.globeadvisor.com/servlet/ArticleNews/story/gam/20080918/RDOLLARAMA18.
External links
- Official website
- CNW: Dollarama, press releases
Asia Japan: DaisoAustralasia Australia: Crazy Clark'sEurope North America United States: Dollar General, Dollar Tree, DEAL$, Family Dollar, Five Below, 99 Cents Only Stores • Canada: A Buck or Two, Dollarama, Dollar Giant, Your Dollar Store With More • Mexico: Waldo's Dollar MartCategories:- Companies listed on the Toronto Stock Exchange
- Retail companies of Canada
- Franchises
- Variety stores
- Discount stores
- Companies based in Montreal
- Private equity portfolio companies
- Bain Capital companies
- S&P/TSX Composite Index
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