Dollarama Inc. plans to add bulk purchases of its low-priced offerings to the e-commerce rush later this year as it looks to capitalize on the success of its bricks-and-mortar discount stores, the company said Thursday as it reported fourth-quarter earnings were up 17 per cent. Dollarama plans to use it to sell items from all of the categories of products it stocks in its 1,160 stores, but Rossy warned that there will be some limitations. Rossy said Dollarama purchased two adjacent properties and the current centre, which was previously leased, meaning the expansion will ensure Dollarama owns its distribution operations in its entirety. “My father being, let’s say, a seasoned retailer, has simply decided to slow down a little,” Rossy said. Neil Rossy said the company hasn’t seen any impact in locations where Miniso opened stores in the same mall as Dollarama.

Source: thestar March 29, 2018 20:37 UTC