Canada: sales of Dollarama FY2013-FY2025

Dollarama, the value retailer headquartered in Montreal, had annual sales amounting to around **** billion Canadian dollars in Canada during the fiscal year ending in January 2025. This represents an almost three-fold increase since 2015. 

Dollarama origins

In 1992, the first Dollarama store was opened in Quebec by Larry Rossy. The concept was simple: all items were on sale for one dollar or less. The retail chain expanded throughout Canada in the coming years, and there were ***** Dollarama stores in Canada as of February 2025. Ontario was the province with the highest number of stores, at ***, and Prince Edward Island had just *. Along with an expansion in their number of stores, Dollarama’s in-store offerings have also diversified, with the introduction of new price points above one dollar throughout the years. 

The competitive landscape

Dollarama reigns above all other discount or value retail chains in Canada when it comes to number of locations. As of 2024, Walmart superstores and Winners came in distant second and third places with ****and ****stores nationwide respectively. One of Dollarama's main competitors is Dollar Tree, which operates in the U.S. and Canada. Across both of these regions Dollar Tree had over ***** stores as of February 2025.