WINCHESTER — Public hankerings for a dollar store in Winchester come to reality this week when one of the segment’s heavy hitters opens at the Winchester Foodland mini mall on Thursday, Oct. 12.
Posters announcing Dollarama’s upcoming North Dundas debut recently appeared in the windows of the Main Street West location.
The Montreal-based retailer occupies the last available storefront space in the former Mike Dean’s building redeveloped by Sobeys Inc. after its purchase from the Dean family in 2015.
Dollarama’s arrival has been preceded this year by the opening of Pharmasave and Pet Valu. Sobeys’ own anchor establishment, Winchester Foodland, began operating out of the largest section of the structure in November last year.
Started by a third-generation retailer in 1992, rapidly expanding Dollarama added 17 new stores in its last fiscal quarter alone. The Winchester site is one of about 1,125 outlets across Canada at this point — all of which are corporately owned and operated, according to the company website.
Specializing in merchandise items up to $4, publicly traded Dollarama posted sales of $812.5 million in its most recent fiscal quarter, earning $131.8 million in the same period. Sales were up 11.5 percent over the same period last year.
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