sbsrttvmAs reported on
city TV excerpts:
"The company, which has more than 536 stores in Canada . Starting February 1st, Dollarama will raise the prices on some of its items to $1.25, $1.50 and $2, although most will remain at the loonie level.
The company insists the new price point will allow it to stock up on closeout goods and items that it could never afford before because of its rigid dollar-only policy. New toys, glassware and plastic products will start popping up in the stores for the added few coins.
What does it mean for bargain hunters? You'll still be able to buy cheaper light bulbs and batteries at your local outlet. But a published report indicates that the company is privately feeling nervous about the big alteration and wondering how long time customers will react.
Price stickers will be appearing on items for the first time and the famous logo will be altered to read "$1-plus." Some suggest this is just the start of a huge trend that will see the cost of items continue to escalate.
Dollarama is famous for offering fairly cheap goods - most from China, some from overstocked closeouts - in its stores and the outlets always seem to be crowded and busy.
There's no way of knowing if this will change that status much or affect future profits, but one thing is certain: you don't have to be an economics professor or a student of the stock market to know what's happening to the economy. Just look at your local dollar store. It just may be telling you everything you need to know. "
What does this mean to the smaller independants?
According to sources in the importing industry" They will open up many more items to the dollar store and discount store industry"
We at Nusso will be monitoring the markets attending the Trade Fairs and keeping our customers at the leading edge
Nusso Textiles will endeavor to brring to market items to keep it's customers competitive, watch this blog for details