Dollarama Posts Higher Sales, Profit as Shoppers Seek Cheaper Prices Amid Inflation

Dollarama Posts Higher Sales, Profit as Shoppers Seek Cheaper Prices Amid Inflation
People walk into a Dollarama store in Toronto, September 25, 2021. The Canadian Press/Graeme Roy
The Canadian Press
Updated:
0:00
Discount retailer Dollarama Inc. is winning over new customers as Canadian shoppers “trade down” from more expensive stores and gravitate toward the dollar store’s cheaper prices amid inflation.

The retail chain said Friday it’s attracting consumers from “all walks of life”—including higher income households—as the climbing cost of living takes a toll on budgets.