Dollar Stores' Struggles Eluded by One That Accepts Loonies
- Canada’s Dollarama shunned food items when others dove in
- Shares returned 254% since 2012, four times industry average
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Dollar stores have been going through a tough slog in the U.S., but business is booming north of the border for Dollarama Inc.
Shares of Canada’s biggest discount retailer touched new highs last week after beating analysts’ earnings estimates, raising its margin forecasts and accelerating expansion plans. Meanwhile U.S. counterparts Dollar General Corp. and Dollar Tree Inc. have plunged 20 percent or more from recent highs.