Dollarama sales hit nearly $2 billion in its latest quarter amid the rising cost of living, as consumer purchases of household goods like groceries and toiletries helped increase sales by 22.2 percent.
The Canadian discount retailer reported $1.9 billion for the third quarter ending on Nov. 2, in contrast to $1.5 billion for the same timeframe last year, according to Dollarama’s financial results for the third quarter announced on Dec. 1.
Dollarama CEO Neil Rossy said the surge in sales was mainly fuelled by ongoing demand for “consumables,” which are everyday, non-durable goods that require frequent replacement. Products such as food, beverages, toiletries, and cleaning products are all included in the consumable category….