Canadian dollar-store chain, Dollarama, has named Richard Roy as an independent director of the corporation.
Dollar General and Family Dollar aren’t the only discount retailers Walmart has to worry about. North of the border the Dollarama chain is growing nearly as fast.
With Target set to open its first stores in Canada in less than a year, one source of competition will come from the rapidly growing Dollarama chain.
Dollar stores in the United States have seen much success in recent years (check out Retailing Today's report on Dollar General here) and they appear to be doing just as well north of the border.
U.S. discount-store operators should keep an eye on their Northern neighbors, as Canadian dollar stores continue to thrive.