Dollar & Variety Stores in Canada
Generally, the Dollar and Variety Stores industry in Canada is countercyclical to the economic cycle. To sustain revenue growth during a period categorized by improving economic conditions, industry operators have made several changes to their operational strategy. By stocking shelves with more quality products, improving consumer service and investing in store athletics, industry operators have been able to attract and retain middle-income consumers, thus expanding its consumer base. Over the five years to 2018, the industry was one of the fastest-growing industries in the retail sector, and its revenue growth outpaced that of its traditional competitors, such as department stores and superstores. Over the five years to 2023, IBISWorld expects the industry to fully transition into a mature industry. While major players are expected to continue expanding, smaller companies and single-branch operators are less likely to sustain revenue gains. Over the next five years, the industry is expected to consolidate and experience tougher competition from traditional rivals, such as Walmart, which will pressure demand. Consequently, growth is expected to be slower than the previous five-year period.
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 one dollar or 99 cents). 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.
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