Dollarama is proud of its company history. Today we are the country’s largest dollar store chain.
Below are a few key milestones in our company’s growth.
Salim Rossy opens his first S. Rossy Inc. store on Craig Street in Montreal, Quebec.
Salim’s 10 children become involved in the business and its operations gradually expand.
Salim’s son, George Rossy, succeeds his father as president and transitions the
model to a variety store similar in nature to the Woolworth chain. He leads the
Company until his death in 1973.
George’s son, Larry Rossy, assumes leadership of the Company. The chain has 20 stores. Between 1973 and 1992, Larry Rossy grows the S. Rossy Inc. network to 44 stores.
The first Dollarama store opens in April, 1992 in Matane, Quebec with all items offered
for $1. The company grows the store base by converting existing Rossy stores to the
Dollarama concept and opening new locations. The company opens its first store
outside Quebec – in Grand Falls, New Brunswick.
Dollarama opens its first store in Ontario.
Dollarama acquires 60 locations from a retail chain bankruptcy, dramatically expanding
the company’s presence in Ontario. Dollarama opens a new 356,675 square foot ware-
house facility in Montreal.
Dollarama expands into Western Canada – opening a store in Manitoba. The Company
also opens a new 269,950 square foot warehouse facility in Montreal.
Dollarama expands to 335 stores across six provinces. Private equity group Bain Capital L.P. purchases a majority stake in Dollarama.
Dollarama continues its expansion into Western Canada, opening its first stores in Alberta
With store openings in British Columbia and Newfoundland, Dollarama completes its
expansion to all ten provinces. Total store count rises to 463. A new 292,623 square
foot distribution centre is opened in Montreal.
Dollarama opens its new head office and a 325,000 square foot warehouse in Montreal.
Dollarama opens its 500th store in Ottawa, Ontario.
Dollarama successfully implements the introduction of three new price points:
$1.25, $1.50 and $2. The addition of the new price points allows the company to
exceed customers’ expectations of the quality and variety of products they can purchase
for $1 to $2. Dollarama becomes a public company on the 16th of October, trading its
stock on the TSX Stock Market under the ticker symbol DOL.
Dollarama celebrates the opening of its 700th store in Canada. Dollarama expands its product offering with the addition of two new price points bringing the total to 7. The introduction of the $2.50 and $3.00 price points further demonstrate the company’s commitment to providing its customers with greater product selection and value while enhancing the overall shopping experience.