Dollarama to hike prices to $5

Mar 30th, 2022 10:32 am

#1

LeifS39303 [OP]: Deal Addict; Apr 25, 2019; 1055 posts; 1792 upvotes; YXE, Sask.

Mar 30th, 2022 10:32 am

Articles:

https://globalnews.ca/news/8721322/doll ... -products/

https://www.theglobeandmail.com/busines ... ntinue-to/

Last edited by TomRFD on Mar 30th, 2022 2:16 pm, edited 1 time in total.
Reason: added non-paywalled news source

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Mar 30th, 2022 11:21 am

#2

XtremeModder: Deal Guru; Aug 14, 2007; 12273 posts; 3269 upvotes; --

Mar 30th, 2022 11:21 am

Of course they're going to start raising prices. This shouldn't a surprise to anyone at all.

+8

Mar 30th, 2022 11:37 am

#3

TomRFD: Administrator; Jun 17, 2013; 17089 posts; 33635 upvotes; Scarborough

Mar 30th, 2022 11:37 am

Surprised that it took them this long to raise it to $5 if I'm being honest. I'll still shop there, but will definitely be more mindful of the prices of what I pick up.

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+12

Mar 30th, 2022 12:24 pm

#4

rilles: Deal Fanatic; Aug 29, 2001; 6106 posts; 1454 upvotes; rural ontario

Mar 30th, 2022 12:24 pm

The dollar store may have to become a few bucks store.

72 69 6c 6c 65 73

+7

Mar 30th, 2022 12:27 pm

#5

smartie: Deal Guru; Dec 5, 2006; 13810 posts; 9198 upvotes; Markham

Mar 30th, 2022 12:27 pm

Why do they need announce those kind things? I don't think any other stores do this kind of price hike announcement

Only benefit is to rally their stock price

+2

Mar 30th, 2022 12:49 pm

#6

sandikosh: Deal Expert; Jan 7, 2007; 21070 posts; 5705 upvotes; Poormond Hill

Mar 30th, 2022 12:49 pm

Time for a name change to Dolla$Rama.

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+2

Mar 30th, 2022 12:51 pm

#7

danron1376: Sr. Member; Mar 26, 2008; 539 posts; 255 upvotes

Mar 30th, 2022 12:51 pm

As long as this means that they will be selling stuff worth 5$ instead of just making the 4$ items now cost 5$.

+11

Mar 30th, 2022 12:52 pm

#8

mrweather: Deal Fanatic; Aug 29, 2011; 8817 posts; 5786 upvotes; Mississauga

Mar 30th, 2022 12:52 pm

smartie wrote: ↑ Why do they need announce those kind things? I don't think any other stores do this kind of price hike announcement

Maybe also because their brand so far has been about buying things for a dollar. If they quietly raised prices like that, you’d be hearing a lot of complaining from customers. Doing this gives everyone a heads up.

+4

Mar 30th, 2022 12:54 pm

#9

carmaster: Deal Expert; Jun 30, 2006; 20613 posts; 9142 upvotes; Toronto

Mar 30th, 2022 12:54 pm

Most likely they will make $4 items $5 now. A lot of things have gone up significantly already so they are just milking profits at this point.

+2

Mar 30th, 2022 12:57 pm

#10

danron1376: Sr. Member; Mar 26, 2008; 539 posts; 255 upvotes

Mar 30th, 2022 12:57 pm

carmaster wrote: ↑ Most likely they will make $4 items $5 now. A lot of things have gone up significantly already so they are just milking profits at this point.

yeah I'm thinking many 4$ items will be raised to 5$ but I'm hoping they will now introduce better quality items to justify the 5$ price tag. there's a store called "5 Below" in the USA and they have better quality items that would never be sold at Dollarama because of the price tag.

Mar 30th, 2022 12:58 pm

#11

bylo: Deal Expert; Jan 7, 2002; 27213 posts; 24864 upvotes; Waterloo, ON

Mar 30th, 2022 12:58 pm

LeifS39303 wrote: ↑ Article:
https://www.theglobeandmail.com/busines ... ntinue-to/

Considering that almost everything they sell comes from outside Canada, and most of that from overseas, it's hardly surprising that supply chain issues are driving up their costs. That's now both pandemic related and RU/UA war-related.

Containers and ships to carry them are in short supply. Oil prices have spiked upwards so it costs more to move the stuff even when you find something to move it in.

None of this is going to ease up any time soon so this is probably just the first increase of what's in store [literally and figuratively] for us.

veni, vidi, Visa

+3

Mar 30th, 2022 1:00 pm

#12

lecale: Deal Guru; Nov 15, 2008; 12523 posts; 7704 upvotes

Mar 30th, 2022 1:00 pm

bylo wrote: ↑ Oil prices have spiked upwards so it costs more to move the stuff even when you find something to move it in.

Plastic is oil-based & face it, Dollarama = Plasticarama.

+8

Mar 30th, 2022 1:01 pm

#13

Gee: Deal Expert; Aug 2, 2004; 36638 posts; 9860 upvotes; East Gwillimbury

Mar 30th, 2022 1:01 pm

carmaster wrote: ↑A lot of things have gone up significantly already so they are just milking profits at this point.

Transportation costs have gone up and that gets absorbed into the goods we buy

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+1

Mar 30th, 2022 1:30 pm

#14

XtremeModder: Deal Guru; Aug 14, 2007; 12273 posts; 3269 upvotes; --

Mar 30th, 2022 1:30 pm

danron1376 wrote: ↑ yeah I'm thinking many 4$ items will be raised to 5$ but I'm hoping they will now introduce better quality items to justify the 5$ price tag. there's a store called "5 Below" in the USA and they have better quality items that would never be sold at Dollarama because of the price tag.

If anything the quality will start to diminish. It's already happening with other things outside of the dollar store type of chains.

Mar 30th, 2022 1:31 pm

#15

XtremeModder: Deal Guru; Aug 14, 2007; 12273 posts; 3269 upvotes; --

Mar 30th, 2022 1:31 pm

Gee wrote: ↑ Transportation costs have gone up and that gets absorbed into the goods we buy

It's surprising how many people do not understand this and just think it's only for the profits. The increase in gas alone doesn't just affect regular people buying gas, it affects the entire chain. Among many other factors as well.

+5

Mar 30th, 2022 2:22 pm

#16

TomRFD: Administrator; Jun 17, 2013; 17089 posts; 33635 upvotes; Scarborough

Mar 30th, 2022 2:22 pm

carmaster wrote: ↑ Most likely they will make $4 items $5 now. A lot of things have gone up significantly already so they are just milking profits at this point.

I'm sure that'll happen for a bunch of the $4 items but hopefully not most. Seems like they want to expand what they're offering and I personally wouldn't mind seeing some better items pop up at Dollarama.

Going to pay extra close attention to @stovetop's photo reports to see how things change over time.

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+4

Mar 30th, 2022 2:26 pm

#17

Paigne: Deal Fanatic; Feb 19, 2017; 5302 posts; 3769 upvotes; Vancouver

Mar 30th, 2022 2:26 pm

Its not exactly surprising given covid inflation rates. Wonder if they will be carrying better inventory going forward. Even as is, there are sometime deals there from the pics posted regularly.

Mar 30th, 2022 2:27 pm

#18

ferkel: Deal Addict; Sep 29, 2003; 4916 posts; 518 upvotes; GTA

Mar 30th, 2022 2:27 pm

Carbon tax going up again next month... Carbon Emissions to be cut by 40%.. prices will only go up and up

+7

Mar 30th, 2022 2:38 pm

#19

death_hawk: Deal Expert; Aug 22, 2006; 29848 posts; 15364 upvotes

Mar 30th, 2022 2:38 pm

Running joke around here was 4Dollarama. Apparently now it's 5Dollarama.

Do you not have anything else to do rather than argue with strangers on the internet

Nope. That's why I'm on the internet arguing with strangers. If I had anything better to do I'd probably be doing it.

+6

Mar 30th, 2022 3:55 pm

#20

callernamet: Deal Fanatic; Mar 10, 2018; 5151 posts; 1616 upvotes; does it matter?

Mar 30th, 2022 3:55 pm

I was waiting when they will increase. They have already raised many items from $2 to $2.0. Many items in Ats and painting sections cost more now. Acrlyc paints, glue, canvass etcc.

Tried new coffee and doughnut. Found same old stale thing. expected bill of six bucks but it was 600 million. Big mistake so the guy said don't worry it is on the house. going back to McD.

Dollarama to hike prices to $5

Dollarama to hike prices to $5

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