Dollarama Inc T.DOL

Alternate Symbol(s): DLMAF

Dollarama Inc. is a Canada-based company, which offers various assortment of general merchandise, consumable products, and seasonal items both in-store and online. The Company conducts its business through its subsidiaries, including Dollarama L.P. and Dollarama International Inc. (Dollarama International). Dollarama L.P. operates the chain of stores in Canada and performs related logistical and administrative support activities. Dollarama International has retail operations in Latin America through Dollarcity, a value retailer that offers an assortment of general merchandise, consumable products and seasonal items in stores located in El Salvador and Guatemala and stores located in Colombia and Peru. All stores are corporately owned and operated, and are conveniently located in metropolitan areas, mid-sized cities and small towns. The Company operates approximately 1,569 stores across Canada.

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Dollarama Inc

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Comment by SwissBanker96on Dec 06, 2018 9:00am

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Post# 29074549

RE:RE:RE:Q3

Almost 50% increase in the number of Dollar City stores within a year:

Dollar City Store Network Growth Update
The Corporation continues to assess the progress of its partnership with Dollar City in Latin America. Dollar City is an independently-owned and operated value retailer with operations in El Salvador, Guatemala and Colombia founded in 2009. Under an arm's length agreement signed in 2013, Dollarama provides consulting and sourcing services to Dollar City at cost, with a nominal markup in some cases, allowing Dollar City to benefit from Dollarama's business expertise and purchasing scale. Dollarama will have the option to acquire a 50.1% interest in the business starting in 2020. At its latest quarter ended September 30, 2018, Dollar City owned and operated 150 stores with 61 locations in Colombia, 42 in El Salvador and 47 in Guatemala. This is up from a total of 107 stores as of December 31, 2017.