Dollarama plans 70 new stores

Customers are turning to budget retailers for inflation relief, and Montreal-based Dollarama has seen the benefit in soaring Q4 sales. It’s now forecasting between 60 and 70 new store openings in 2023. “This is when stores like Dollarama shine,” retail analyst Bruce Winder told The Toronto Star. “We saw it in the 2008 recession: when we’re in a period of high interest rates, inflation, with the threat of job loss, people try to stretch their dollar.”