UPDATE 1-Dollar-store chain Dollarama's Dec same-store sales fall

Fri Jan 17, 2014 8:27am EST

Related Topics

Jan 17 (Reuters) - Dollarama Inc, a Canadian dollar-store operator, said December sales were hurt by power outages and temporary store closures as a cold snap hit most of North America.

Comparable-store sales fell 7.5 percent in December, the company said in a statement.

The Montreal-based company said it had to temporarily close about 80 stores.

A major ice storm blanketed Central and Atlantic Canada during the Christmas season, leading to massive power outages in Ontario, Quebec and New Brunswick for one week. A majority of Dollarama's stores are located in these regions.

Dollarama, which operates 847 stores across Canada, said it expects January sales to trend back to normal.

FILED UNDER: