The latest announcement is out from Dollarama ( (TSE:DOL) ).
Dollarama Inc. has announced its acquisition of The Reject Shop, Australia’s largest discount retailer, for approximately A$259 million. This strategic move marks Dollarama’s entry into the Australian market, providing a platform for growth and expansion. The acquisition is expected to have minimal immediate impact on Dollarama’s earnings and financial ratios, while offering potential for significant store network expansion in Australia.
More about Dollarama
Dollarama Inc. is a leading value retailer with a strong presence in Canada and Latin America, offering a wide range of low-cost products. The company is focused on expanding its market reach and enhancing its retail operations.
YTD Price Performance: 8.50%
Average Trading Volume: 80,332
Technical Sentiment Signal: Sell
Current Market Cap: $29.29B
For detailed information about DOL stock, go to TipRanks’ Stock Analysis page.