Dollarama has surpassed 1,700 stores in Canada, reaching 1,719 locations after opening 28 net new stores during the first quarter of fiscal 2027.
The milestone comes as the Montreal-based retailer continues to pursue a long-term goal of approximately 2,200 Canadian stores, highlighting management’s confidence that there remains room for significant expansion despite the company’s already extensive national footprint.
Dollarama plans to open between 60 and 70 net new stores this fiscal year, continuing a growth strategy that has made it one of Canada’s largest retail store networks. More than a decade after surpassing 1,000 stores, the retailer now operates locations in major urban centres, suburban communities, and smaller markets across the country.
The company reported the latest store count as part of its first-quarter fiscal 2027 results. During the quarter, same-store sales in Canada increased 5.6 per cent, supported by growth in both customer traffic and basket size.
“Our value proposition continued to resonate with consumers as affordability and everyday value remain top of mind in an uncertain economic environment,” President and CEO Neil Rossy said during the company’s quarterly earnings call.
Expansion Continues Despite Extensive National Footprint
Dollarama’s continued growth is notable given the scale it has already achieved in Canada.
With 1,719 stores nationwide, the retailer has established a presence in a wide variety of retail environments, including neighbourhood shopping centres, power centres, and mixed-use developments. Yet management continues to identify opportunities for new locations and market infill across the country.
The company’s relatively compact store format has allowed it to expand into a broad range of communities, while its merchandise assortment appeals to shoppers across multiple demographic and income groups.
As a result, Dollarama remains one of the most active store-opening stories in Canadian retail, continuing to add dozens of locations annually while working toward its long-term expansion target.
Investing in Infrastructure for Future Growth
To support its growing store base, Dollarama is investing in new infrastructure.
Construction is underway on a logistics hub in Western Canada that is expected to be fully operational by the end of 2027. The facility will become part of a future two-node distribution network designed to support additional store growth and improve supply-chain efficiency across the country.
Management said the project remains on budget and on schedule.
Growth Beyond Canada
While Canada remains Dollarama’s core market, the company has expanded its international presence in recent years.
Through its majority ownership stake in Dollarcity, Dollarama now has exposure to a network of 741 stores across Latin America. Dollarcity opened 20 net new stores during the latest quarter and continues to expand across Central and South America.
The company is also advancing the transformation of Australian discount retailer The Reject Shop following its acquisition of the business. During the quarter, 13 Australian stores were renovated and eight net new locations were opened as part of the ongoing conversion strategy.
Analysts responded positively to Dollarama’s latest results. In a research note following the quarter, Stifel described the rebound in same-store sales as reassuring after a softer fourth quarter and suggested that previous weakness was likely related to weather disruptions rather than reduced consumer demand.
With 1,719 stores now operating across Canada and a long-term target of approximately 2,200 locations, Dollarama’s expansion plans suggest management continues to see significant room for growth across the country. The latest milestone underscores the scale of a retailer that remains focused on opening new stores even as it operates one of Canada’s largest retail networks.
