Dollarama Inc. is a Canadian dollar store retail chain headquartered in Mount Royal, Quebec. The business was established in 1992 by Larry Rossy. Since 2009, Dollarama has been Canada's largest retailer of items for five dollars or less. It has over 1400 stores and is active in all of Canada; Ontario has the most stores. The company also owns The Reject Shop, an Australian discount variety store chain, and is the majority owner of Latin American dollar store chain, Dollarcity. Many items are priced at $1.00 or less, and initially almost all items were priced as such. In early 2009, Dollarama began to introduce items priced up to $2.00 (including $1.25 and $1.50 price points). The stores introduced items at $2.50 and $3.00 in August 2012. It again increased price points to include $3.50 and $4.00 items in August 2016. In 2022, Dollarama announced that its maximum price point would be increasing to $5.00. This price level increase allowed the chain to acquire products from a greater variety of sources, including closeout sales. Adjustments may eventually happen to all prices. Dollarama has always had a No Return and No Exchange Policy, stating an item cannot be given back to the store once a purchase is complete. More information...
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