Dollarama is a dollar store chain that was first set up in Matane, Canada. One of the things that set them apart is that they source customised products directly from manufacturers. This can be proven by the several in-store items that have a dollarama name tag with the price on them. Such clever moves may be the reason behind their low-price range that continues to pull in people even now. Initially, almost all items were priced under a dollar. As sales grew, they decided to expand their outlets to multiple locations and many more products were added with a price ranging from $2 to $4.
It is rightly said that one needs to be a chameleon in order to survive in this highly competitive world. A company that adopts is the one that floats. This company exhibited adaptability when it first expanded its method of payment from only cash to debit cards, credit cards and much more.
This year of 2018 has proved that even a multi-national institution such as dollarama earnings cannot escape slip-ups in the stock market. This year has seen the retailer struggle to keep with the rest of the world. The store has witnessed one of the lowest profits rates of all times. However, decreased rates of profit can never be a concern as the corporation has plans to expand all through Central America and the rest of the world. They also had to battle the price hikes in the U.S from where the store acquires … Read More