Dollarama provides update on December sales due to impact of weather conditions

About this update from Dollarama Inc.

[{"type":"text","content":"\n\n\nMONTREAL, Jan. 17, 2014 /CNW Telbec/ - Dollarama Inc. (TSX: DOL)\n (\"Dollarama\" or the \"Corporation\") announced today that its December\n sales results were negatively impacted by exceptionally severe weather\n conditions.\n\n\nAdverse weather conditions as well as power outages in some of the\n Corporation's core markets throughout the month of December 2013\n resulted in a significant reduction in store traffic and the temporary\n closure of approximately 80 stores, for periods ranging from a few\n hours to two consecutive days. The majority of the impacted days\n occurred during the two weekends leading up to December 25th. Historically, the Corporation's highest sales results have occurred\n during the fourth quarter, more specifically during the winter holiday\n season, with December representing a higher proportion of sales.\n\n\nTaking into account the 8.4% increase in comparable store sales for the\n month of November and the 7.5% decrease for December, comparable stores\n sales for the months of November and December combined decreased by\n 1.4% compared to the previous year. The Corporation believes the\n decline in December sales to be an exceptional event as sales are now\n trending back to normal levels in January.\n\n\nThe Corporation will provide additional details in the spring when it\n releases its financial statements for the fiscal year ending February\n 2, 2014. The Corporation does not intend to provide updates or guidance\n for future interim periods in respect of comparable store sales\n figures.\n\n\nAbout Dollarama\n\n\nDollarama is Canada's leading dollar store operator with 847 locations\n across the country. Our stores provide customers with compelling value\n in convenient locations, including metropolitan areas, mid-sized cities\n and small towns. Dollarama aims to provide customers with a consistent\n shopping experience, offering a broad assortment of everyday consumer\n products, general merchandise and seasonal items. Products are\n currently sold in individual or multiple units at select fixed price\n points up to $3.00.\n\n\nForward-Looking Statements\n\n\nCertain statements in this news release about our current and future\n plans, expectations and intentions, results, levels of activity,\n performance, goals or achievements or any other future events or\n developments constitute f...

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