The discount retailer said it started the fourth-quarter strong, but momentum faded amid stricter occupancy limits for stores in Ontario, Quebec and Alberta, as well as a ban on non-essential retail in Quebec by early December.
The company said its decision to expand its retail footprint was based on “the continued relevance of Dollarama’s business model.” Dollarama’s weakness in fourth-quarter sales is part of a larger trend of slowing growth in Canadian retail, as lockdowns limited consumers’ abilities to go shopping during the crucial holiday season.
55% of Dollarama stock comes from China. It is allowed to enter our country without our tariff penalty unlike competitive companies. We need to ban China crap.
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