Dollarama buys land for Calgary warehouse [Video]

A new Dollarama distribution centre and a lot more of the chain’s stores are headed for Canada over the next decade.

The retailer announced Wednesday that it had spent $46.7 million to buy land in Calgary, where it plans to build a warehouse and distribution center to service Western Canada. 

The deal is slated to close in the fourth quarter of the company’s fiscal 2025 and the site is expected to be in operation by the end of 2027.

Looking even further out, Dollarama said it would expand its Canadian store network to 2,200 locations by 2034. The Montreal-based company said that store count was an increase from its prior goal of opening 2,000 stores by 2031. It currently has 1,541 locations. 

The company decided to up its goal and open the centre “in light of the positive customer response to our value proposition year after year and following a …