Toronto 
Canada’s value retailer, Dollarama, which sells a broad assortment of consumable products, general merchandise and seasonal items is planning to increase the maximum sale price of products up to $5 from the current $4.
Credit: Jeff Hitchcock/Flickr
In the 2022 fiscal year financial result statement, the Montreal-based retailer said new products which “enhance its product assortment and value” will be gradually introduced at a price point of $5.00.
Dollarama shared positive news for its shareholders – the retailer is raising its quarterly dividend by 10 per cent (from $0.0503 to $0.0553 per common share) which will be paid on May 6, 2022.
The retailer says sales increased by 7.6% to $4,330.8 million and comparable store sales grew 1.7% in the Fiscal year 2022 comapred to Fiscal 2021.
Dollarama, currently, has 1,421 locations across Canada. It is also planning to open 60 to 70 new stores in the 2023 Fiscal year.
Dollarama also owns a 50.1% interest in Dollarcity, a growing Latin American value retailer.
