Dollar & Variety Stores in Canada - Industry Market Research Report

Dollar & Variety Stores in Canada - Industry Market Research Report
Dollar & Variety Stores in Canada

Dollar and variety stores sell general merchandise at discounted prices. The industry is countercyclical because consumers often gravitate to lower prices in times of economic downturn. To sustain revenue growth during periods of improved economic conditions, industry operators have adjusted their operational strategy. By stocking shelves with more quality products, improving customer service and creating an inviting atmosphere, industry operators have been able to attract and retain more middle-income consumers, expanding the overall consumer base. Industry revenue growth has also been supported by an increase in per capita disposable income and higher inflation. Revenue is estimated to have risen at a CAGR of 2.0% to $6.4 billion over the five years to 2023, with growth of 1.6% forecast for the current year.This industry retails general merchandise, such as apparel, cleaning and party supplies, dry goods, hardware, groceries and home furnishings. Typically, industry operators retail these goods at discounted prices, often for $1.00 or $0.99. The industry does not include department stores, warehouse clubs and grocery stores.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.