The retailer’s Canadian business continued to expand, with 28 net new stores opened during the quarter, bringing its total Canadian store count to 1,719 locations. Management said it remains on track to open between 60 and 70 net new stores during the current fiscal year.
Australian expansion gains traction
The quarter also marked an early test of Dollarama’s international expansion strategy following its acquisition of Australian discount retailer The Reject Shop in July 2025. The transaction, valued at approximately A$259 million, added a network of more than 390 stores and established a new Australian operating platform for the company.
Dollarama has begun adapting the chain to its merchandising and store-layout model, with 28 of the 410 Australian locations operating with Dollarama fixtures and layouts by the end of the quarter. The company plans to renovate about 400 stores over the next four years as it seeks to replicate the discount retail formula that helped drive its growth in Canada.
Chief executive officer Neil Rossy said early customer feedback has been encouraging, noting that shoppers have responded positively to improved store navigation and a broader assortment of products. While management cautioned that it remains too early to draw firm conclusions, the initial performance has reinforced confidence in the company’s Australian expansion strategy.
International growth remains a priority
Beyond Australia, Dollarama continues to expand through its majority-owned investment in Latin American discount retailer Dollarcity, which operates stores across several countries in the region.
