Dollarama Buys Land for Calgary Warehouse, Targets 2,200 Canadian Stores by 2034

Dollarama Buys Land for Calgary Warehouse, Targets 2,200 Canadian Stores by 2034
A shopping cart is seen in an aisle of a Dollarama store in Montreal, on June 7, 2023. The Canadian Press/Christinne Muschi
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Dollarama Inc. is ramping up its expansion with a Calgary-area distribution centre and a lot more of the chain’s stores headed for Canada over the next decade.

The retailer announced Wednesday that it had spent $46.7 million to buy land in Balzac, a hamlet outside Calgary that is known for hosting retailer warehouses.