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 most of its food products. But all of their management has shown true courage and have successfully won with a little help from their Chinese counterpart.
So, what was the corporation going to do next? Obviously, expansion again as staying in one place is equal to being dead in business. This time the expansion happened in their e-commerce domain. They are looking to maximise the internet revolution that has taken over the world. As a first step, they have started an e-commerce site that currently serves only Quebec in Canada. With the steady income obtained from its in-store sales, they have plans to expand the service throughout the world. But this was no easy feat for them due to the ongoing war between the U.S and China for dominance over the trade market. Despite this dollarama earnings has shown significant growth and its trusted customer base are sure to stick by them no matter what.
It would be difficult to find a better performing stock than this Montreal based dollar store chain. We see the main reason for such steady growth rates are their flexible nature and sincere efforts to understand the world. It can be noted that right from the start the corporation has been loyal to its customers and has always been looking for ways to improve the experience for them. Their gutsy moves in times of difficulty are always commendable. Moreover, their intelligent strategies to evade total disaster can always be reliable when it comes to the matter of buying stocks from them. Overall it would be a good investment for those looking for a long-term investment that grows steadily.