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Retail

Canada's Dollarama Posts 2.4% Decrease In Quarterly Same-Store Sales

Canadian discount retailer Dollarama Inc posted a 2.4% decrease in quarterly same-store sales, hit by store closures and a slowdown in traffic due to public-health measures directing Canadians to stay home to contain the spread of the coronavirus.

Montreal-based Dollarama said net income fell to C$86.1 million (€56.53 million), or 28 Canadian cents per share, in the first quarter ended 3 May, from C$103.5 million (€67.95 million), or 33 Canadian cents per share, a year earlier.

Sales rose to C$844.8 million (€554.65 million) from C$828 million (€543.62 million).

News by Reuters, edited by ESM. Click subscribe to sign up to ESM: European Supermarket Magazine.

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