Dollarama Inc. (TSX:DOL) beat quarterly sales estimates on Wednesday as runaway inflation fueled demand for the discount store's groceries and household essentials. Dollarama President and CEO Neil Rossy saw a double-digit increase in-store traffic as COVID-19 restrictions were lifted in Canada at the start of the most recent quarter. Rossy also observed a strong demand for everyday consumer products and seasonal products at affordable prices.
Inflation Attracts Customers to Discount StoresNorth America's major dollar stores are seeing an influx of shoppers looking to save money as rampant inflation drives up the prices of everything from ...
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Dollarama Stock Jumps After Retailer Posted Better-Than-Expected Q1 Sales