Overview

• Dollarama has increased its long-term store target to 2,200 locations across Canada by 2034, up from its prior goal of 2,000 stores by 2031.
• The company purchased land in Balzac, Alberta, for $46.7 million to build a 1.6 million-square-foot warehouse and distribution center to serve Western Canada.
• The Calgary-area facility, expected to be operational by the end of 2027, will complement Dollarama's existing distribution hub in Montreal and improve supply chain efficiency.
• Dollarama reported a 5.7% increase in third-quarter sales to $1.56 billion, with comparable store sales rising 3.3% despite cautious consumer spending.
• Analysts view the expansion as a strategic move to support growth, enhance logistics resilience, and capitalize on strong demand for value-focused retail options.