People are always looking for bargains and deals, often at discount stores.
And that focus has led to a number of small stores that carry hundred of items at great discounted deals.
The first one to get out of the starting gate were the Dollar Stores.
In the beginning all their items were under $1.
Today that is no longer the case.
But items in those types of stores are unbeatable.
And the market for your dollars in that market niche is heating up.
Canadians have a love affair with those small discount stores.
Names such as The Dollar Stores and Dollarama, are but a few.
And now the market is heating up further.
A major chain Miniso, with a few outlets in Canada, is increasing that number to 500 in Canada.
“Our philosophy is high-quality goods at an affordable price. So if people call us a dollar store, that’s fine with us, but we’re more of a variety-retail, lifestyle store at a very reasonable price,” said Sherman Leung, district manager, Miniso Canada Investments Inc.
It opened its first Canadian store this spring Vancouver .
The Miniso expansion is coming faster and at a higher of store openings ans is part of a trend – Asian retailers establishing operations in Canada.
And the Asian invasion is forcing Canadian retailers to change, if they don’t they won’t survive.