Yeah, but it held for surprisingly long though. I still get some things there that are $1, and even just a few weeks ago I did see canned tuna cans for $1, as well as relatively large packs of cookies and such. It's several times cheaper than very similar stuff in Metro half a block away.
Technically it could be argued that "Dollarama" means "lots of dollars" considering the suffix -rama translates roughly to "spectacular display of" dollars.
I don't really mind since they sell things that they'd never be able to profit from if they only sold them for a dollar, which means they just wouldn't be available there. I still regularly find stuff there that's 25-50% than it is in other stores.
I've known a couple people that worked for Dollarama and they all the say the same thing. It's the absolutly worst place to work. They don't give a shit about you
Serious question, what exactly does the CEO of such a business do that deserves such compensation? There is no innovation here, is there? There is no radical change to how they are selling their cheap crap.
NONONONO you see these rich folks are the backbone of our economy. You should be greatful they gave you a job in the first place and saved you from poverty you fucking peasant /s
Working for Dollarama is genuinely so dead end. Zero benefits, and associates are barely brought up the ladder. Most higher positions are brought in from outside.
I have 1 relative and 3 very close friends working in 3 different Dollarama' in my city. Not a one of them has gotten a raise, yet. Or ever received any type of bonus All worked throughout the pandemic, and they had to provide their own PPE. Reading this article infuriates me.
I went to a Dollarama sometime last year, and the cashier had on latex gloves that had worn out so bad they had holes at the fingertips. Makes sense now.
So that's why they added $5 items and bumped the price of $2 chips to $2.50. Dollarama is a dollar store in name only now. It's the fucking Zehrs of Dollar Stores.
Raising prices from a dollar to 5 bucks because of inflation? Naa inflation is a nice excuse for increasing profits 5x. This is like like war profiteering
Honestly a dollar for any product which gets made on the other side of the world, shipped here, stocked in retail space, and is checked out by a human being (making $15/hour) is probably too low of a cost
And yet after working there through the pandemic, they couldn't afford to pay us more than min wage, even as the entire staff left for better jobs they wouldn't 9ffer any incentive to stay.
Well, you know, he made some really important strategic moves and worked really hard and innovated like crazy to make Dollarama a shopping destination during a time of economic struggle.
Dollarama was my first job, and also my worst job. They have unsafe work places, from making 16 year olds deal with incredibly aggressive customers, to the stock rooms, had us lie to Ontario Labour Board/Safety Organizations about most things.
Disgusting capitalism we live in. It could easily be made better a hundred different ways. Doesn't mean communism when a CEO can't exploit profits from poverty.
I'm sure he needs all of that money too while people struggle to survive the rising costs of absolutely everything, including what's stocked in Dollarama.
My gf loves this store but I hate it, one person on cash the other helping people use the self check outs which require a cashier 60% of the time, worst self check out machines ever.
Inflation has made them less rich on paper, raising costs solely in relation to the increased cost of things wasn't enough to fix that deficit. They wanted to make sure they added a little extra for their pockets
I don’t give two stinky farts what the CEO of dollarama makes. Meanwhile, government policies make dairy, housing, telecom costs outrageously expensive, but no one look at the man behind the mirror.
Yeah, but it held for surprisingly long though. I still get some things there that are $1, and even just a few weeks ago I did see canned tuna cans for $1, as well as relatively large packs of cookies and such. It’s several times cheaper than very similar stuff in Metro half a block away.
Wonderful that they reward him with millions, but continue to pay their employees, the ones making them so rich, absolutely nothing extra in terms a living wage. That seems fair. The next step for me is to boycott these crooks for good.
I can’t believe people shop here. I have gone 15 years without going to one of these types of stores. I understand for some things but 7/8th of these stores are single use plastic and goes right into the garbage. It’s a waste!!!!!! We all complain about the environment and go here and talk about “the deals” we get on literal garbage.
While they had decent and cheap stuff in the past, I mostly avoid Dollarama now because it is a ripoff, at least based on what they are advertised to be. I even discourage family members going there because they go for one or two items and never come out with a bill smaller than $50-60
I don't care about the ceo or other salty comments but face it, I'm not going to pay 10$ for an ice tray or a plastic jug when I can get it between 1.25$ to 4$ here...
Lol we’re mad at CEOs but professional sports players who bring nothing to the table outside of some entertainment make millions upon millions of dollars. Our society’s priorities are fucked. At least dollarama provides you with day to day goods and services.
I'm really glad we're all forced to swallow this massive (mostly artificial) inflation so that CEO's can maintain their living standards amidst inflation they are creating.
The prices are still good and have probably helped a lot of people during the pandemic, even when we weren’t allowed to purchase school Supplies there during a time. I don’t care what he gets paid, having dollarama’s around is a blessing.
It's a symptom of a problem. We are being told our prices are going up because of inflation, but there is a group of companies out there who took the opportunity to use inflation as a cloak to raise normal prices as well, increasing their profit margins. It wasn't just make up inflation.
Trying to have a reasonable discussion about business or CEOs on Reddit is impossible. The average Redditor sees CEO and automatically assumes they are evil and don't deserve money without understanding what their job is and how large companies function.
It’s actually publicly traded but your point stands. Plus the guy has knocked it out of the park for shareholders. Even with the crash you are up ytd and the stock price has doubled in the last three years. The guy has increased the value of the company around 10 billion. A few extra million is nothing out of that.
I find this funny because the Dollarama just closed down in my city from financial mismanagement. It's shame because I used to buy a lot a little nick knacks like LED light bulbs and USB cables from there. I'd go in to get one thing and leave with 20 things lol.
Probably because athletes aren't getting their raises by doubling the price of loofah's & birthday cards then attributing the price hikes to inflation & supply chain problems.
Because poor people are always jealous. They think just because a company is doing well the lowest paid and lowest skill should somehow see a share of that even though they have very little impact on profit and are extremely replaceable.
Aaand prices are way up, plus many locations are forcing you to use self scan (literally aren't employees at the counter, they must have cut back staff). That pisses me off so much I will leave my order at the cash and walk out.
It's genuinely disgusting how the motives for profit distribution change so drastically as a company grows. Reading statements by these larger companies you wouldn't even know they have human employees, let alone the fact that those employees are making a wage closer to the poverty line than something comfortable.
Doubling your pay in a time when people can't afford anything especially your employee's is a fucking great way of killing your business in the long run.
Again, where do you think your money is going? The price of everything went up but your pay stayed the same; the money isn't being poured into the stratosphere, it's going into someone's bank account.
NOT AT ALL... My relative has been at the same location since it opened, I want to say over 12 years ago. The only raise she has ever gotten, is the minimum wage increase, that the government enforced. No wage increase, no bonus, not even at holiday time. AND, had to supply their own PPE throughout the pandemic .
Dollarama is pretty trash anyway. Everything actually a dollar is often garbage quality and everything else is overpriced slightly less garbage quality. They just profit off of people who can't afford better or don't realize it's not worth it to buy trash quality things for cheap.
Dollarama is a store name that has aged poorly.
Yeah, but it held for surprisingly long though. I still get some things there that are $1, and even just a few weeks ago I did see canned tuna cans for $1, as well as relatively large packs of cookies and such. It's several times cheaper than very similar stuff in Metro half a block away.
given the current rate of inflation they have a twelve-month window to rebrand to "Toonietown" before that is out of date too
There used to be stores called 5 and Dime, everything was a nickel or a dime.
Technically it could be argued that "Dollarama" means "lots of dollars" considering the suffix -rama translates roughly to "spectacular display of" dollars.
Have you ever been in "A Buck or Two"?
not for the CEO
They don't say how many dollars tho!
I don't really mind since they sell things that they'd never be able to profit from if they only sold them for a dollar, which means they just wouldn't be available there. I still regularly find stuff there that's 25-50% than it is in other stores.
I think Dollar Tree is the only place in Canada that is still under $2 for pretty much everything.
Yet they have not been hurt by inflation
There are zero items that cost a dollar.
Profits go up, CEO pay goes up, staff pay unchanged. Something something inflation.
I've known a couple people that worked for Dollarama and they all the say the same thing. It's the absolutly worst place to work. They don't give a shit about you
Serious question, what exactly does the CEO of such a business do that deserves such compensation? There is no innovation here, is there? There is no radical change to how they are selling their cheap crap.
At my local they replaced most staff with self checkout
NONONONO you see these rich folks are the backbone of our economy. You should be greatful they gave you a job in the first place and saved you from poverty you fucking peasant /s
Minimum wage has gone up in most provinces since 2019, so they probably got at least a little bump.
Between his salary and his bonus he got about an extra 2 million.
Obviously, when times are tough, you need to absurdly pay your CEOs to retain them!
Prices go up
It's the same way how immigrants are blamed for stealing jobs in America instead of the people who hired them.
And Dollarama's prices have still gone up despite the increase in profits.
Also "sorry closed today, nobody wants to work" signs in the door, which is a dollarama meme at this point.
How many people are willing to boycott shopping there?
I guess you'd have to prove staff were responsible for profits not just sustaining but increasing.
Inflation is not due to companies raising prices. Stop blaming complex economic phenomena on the scapegoat of your choosing.
Working for Dollarama is genuinely so dead end. Zero benefits, and associates are barely brought up the ladder. Most higher positions are brought in from outside.
Meanwhile they replaced the majority of cashiers with self-checkouts and I doubt the remaining staff got a raise.
They got a cut in hours due to last year's lockdown when the stores were quiet.
Fr, some dollaramas have like 1 employee in the whole store now
that's like saying we shouldn't use automation to build cars because people used to do it manually.
That’s right, retail employees are no long looked at as assets, they are a cost and like all costs you must continue to cut where you can.
I have 1 relative and 3 very close friends working in 3 different Dollarama' in my city. Not a one of them has gotten a raise, yet. Or ever received any type of bonus All worked throughout the pandemic, and they had to provide their own PPE. Reading this article infuriates me.
I went to a Dollarama sometime last year, and the cashier had on latex gloves that had worn out so bad they had holes at the fingertips. Makes sense now.
Why don't they quit and get jobs elsewhere?
Or even have employees. All the Dollaramas in my area are pushing self-checkout HARD.
Quick google tells me dollarama has 20,000 employees. If the CEO gets paid 0 dollar in 2021 that is an extra $391.5 per employee.
they didnt actually give him money though
This is fucking disgusting.
Literally more than doubled in just two years, what the actual fuck
What's especially bad is that the increased revenue and profits are on the backs of the employees.
From the article:
….Retaining the son of the founder. Like this muppet is going anywhere lol
I have an older relative who works at Dollarama (it’s one of her two jobs.) She has worked there for years (5+). Some facts:
Yeah it’s definitely his performance, not because his daddy was the founder lol
So that's why they added $5 items and bumped the price of $2 chips to $2.50. Dollarama is a dollar store in name only now. It's the fucking Zehrs of Dollar Stores.
Maybe now they can hire a second cashier who knows how to scan items and bag them in the same step.
My dollarama just got self checkout and it’s a dream!
Kind of proving that the value provided just isn't enough...
Bagging is a sorting operation. You can't do that well in one pass
Raising prices from a dollar to 5 bucks because of inflation? Naa inflation is a nice excuse for increasing profits 5x. This is like like war profiteering
Honestly a dollar for any product which gets made on the other side of the world, shipped here, stocked in retail space, and is checked out by a human being (making $15/hour) is probably too low of a cost
For shit that will break in a month too.
Cost of goods also went up like crazy. There is actual inflation and the typical price gauging going on.
And yet after working there through the pandemic, they couldn't afford to pay us more than min wage, even as the entire staff left for better jobs they wouldn't 9ffer any incentive to stay.
The elites all operate some scheme like this. Sell cheap crap make in slavery conditions in China for pennies, the markup is probably around 3000%.
Do you shop there or at any other $ stores?
Well, you know, he made some really important strategic moves and worked really hard and innovated like crazy to make Dollarama a shopping destination during a time of economic struggle.
the rich got richer and the poor lost more
It’s getting harder and harder to morally shop anywhere
Apparently, the richest 1% of people in the world doubled their wealth during the Covid pandemic.
Dollarama was my first job, and also my worst job. They have unsafe work places, from making 16 year olds deal with incredibly aggressive customers, to the stock rooms, had us lie to Ontario Labour Board/Safety Organizations about most things.
That’s cuz everything there is double the price too.
Just like gas companies making record profits in the first quarter of 2022 even though our prices are skyrocketing. Disgusting society we live in.
Disgusting capitalism we live in. It could easily be made better a hundred different ways. Doesn't mean communism when a CEO can't exploit profits from poverty.
I'm sure he needs all of that money too while people struggle to survive the rising costs of absolutely everything, including what's stocked in Dollarama.
they didnt give him that in money
What is stocked at Dollarama is garbage not sure why anyone would shop there.
My gf loves this store but I hate it, one person on cash the other helping people use the self check outs which require a cashier 60% of the time, worst self check out machines ever.
Ok, no longer shopping there. Between some items becoming 5$ and the CEO being a greedy douchebag. No thanks
Inflation has made them less rich on paper, raising costs solely in relation to the increased cost of things wasn't enough to fix that deficit. They wanted to make sure they added a little extra for their pockets
pandemic profiteer.
I don’t give two stinky farts what the CEO of dollarama makes. Meanwhile, government policies make dairy, housing, telecom costs outrageously expensive, but no one look at the man behind the mirror.
Don't forget about airfares
I worked here for a week and it was one of the worst jobs I've ever had. The company is a joke
1 week at 1 location is not an accurate representation of a company as a whole.
Exactly. People have a choice and if they do not like thier employer they can move on.
When are we going to grab the pitchforks and round all of the extremely rich and greedy people up?
Literally been tried hundreds if not thousands of times, all over the world, in almost every country.
Yeah, but it held for surprisingly long though. I still get some things there that are $1, and even just a few weeks ago I did see canned tuna cans for $1, as well as relatively large packs of cookies and such. It’s several times cheaper than very similar stuff in Metro half a block away.
I think you misread the title or you think the CEO gets paid in Dollarama gift cards
To be fair pandemic was difficult on him /s
this must just be that inflation we keep hearing about
Hope he’s got a plan to recycle all the garbage he’s importing.
Wonderful that they reward him with millions, but continue to pay their employees, the ones making them so rich, absolutely nothing extra in terms a living wage. That seems fair. The next step for me is to boycott these crooks for good.
I'm sure worker pay doubled too right?? Right??
Of course not. Why would it?
I can’t believe people shop here. I have gone 15 years without going to one of these types of stores. I understand for some things but 7/8th of these stores are single use plastic and goes right into the garbage. It’s a waste!!!!!! We all complain about the environment and go here and talk about “the deals” we get on literal garbage.
Scum. Pay your workers better instead.
**** the r*ch.
But remember, inflation is caused by the government! /s
Not surprised. Rare to find a stock actually up this year and dollarma is one of them up.
They had good performance and the board decides the CEO’s pay, truly riveting stuff.
Don't see anything wrong. Dollarama stock rocked it
His pay is doubling but his employees are still making minimum wage with no benefits? Possibly something like that.
Roping off certain things didn't hurt one bit despite all the whining.
While they had decent and cheap stuff in the past, I mostly avoid Dollarama now because it is a ripoff, at least based on what they are advertised to be. I even discourage family members going there because they go for one or two items and never come out with a bill smaller than $50-60
I don't care about the ceo or other salty comments but face it, I'm not going to pay 10$ for an ice tray or a plastic jug when I can get it between 1.25$ to 4$ here...
[удалено]
I'm still holding, but I'm not sure there's much more room for growth. My city of 100k has 4 or 5 dollaramas
Lol we’re mad at CEOs but professional sports players who bring nothing to the table outside of some entertainment make millions upon millions of dollars. Our society’s priorities are fucked. At least dollarama provides you with day to day goods and services.
I'm really glad we're all forced to swallow this massive (mostly artificial) inflation so that CEO's can maintain their living standards amidst inflation they are creating.
The prices are still good and have probably helped a lot of people during the pandemic, even when we weren’t allowed to purchase school Supplies there during a time. I don’t care what he gets paid, having dollarama’s around is a blessing.
It’s a private company lol what’s the issue?
It's a symptom of a problem. We are being told our prices are going up because of inflation, but there is a group of companies out there who took the opportunity to use inflation as a cloak to raise normal prices as well, increasing their profit margins. It wasn't just make up inflation.
Hmmm, the entire world shuts down, people lose their jobs, livelihood, freedoms, CEO gets double pay... I wonder what the issue is /s
Trying to have a reasonable discussion about business or CEOs on Reddit is impossible. The average Redditor sees CEO and automatically assumes they are evil and don't deserve money without understanding what their job is and how large companies function.
It’s actually publicly traded but your point stands. Plus the guy has knocked it out of the park for shareholders. Even with the crash you are up ytd and the stock price has doubled in the last three years. The guy has increased the value of the company around 10 billion. A few extra million is nothing out of that.
It is not a private company. It is listed on tsx.
No it isn't.
I like Dollarama
If you shop there, you support this. If you don't shop there, why would they care about your opinion?
Everyone is such a hater
He makes about a quarter of what star player in the NBA makes.
Yea but those players work hard and deserve every penny for providing an essential and valuable service!!
I find this funny because the Dollarama just closed down in my city from financial mismanagement. It's shame because I used to buy a lot a little nick knacks like LED light bulbs and USB cables from there. I'd go in to get one thing and leave with 20 things lol.
good for him. he led his company to growth and euphoric profits during pandemic.
Guy hits it out of the park. Guy gets a raise.
Probably because athletes aren't getting their raises by doubling the price of loofah's & birthday cards then attributing the price hikes to inflation & supply chain problems.
Athletes don’t profit off of minimum wage workers.
Because poor people are always jealous. They think just because a company is doing well the lowest paid and lowest skill should somehow see a share of that even though they have very little impact on profit and are extremely replaceable.
He deserves it, dollarama is awesome
His family started the company and created billions of dollars of value directly and indirectly in the economy.
How do the vaunted shareholders accept this? All terrible pay for low level employees is explained away by "but the shareholders!"
$10 Town
Wr had one called loonie toonie
No wonder they went from everything under a dollar to $4.50 and under.
Inflation is raising the cost of everything and we are also gouging you serfs on top of it!
Thank you for your patronage
and how much of a raise did the folks that work for this guy get......
Is this the dollar place that has no cashiers? 100% self checkout?
Good for him. Tax him.
In line with them doubling their prices 🤭
I just like their candy and pots for houseplants
his pay ins't that crazy for a ceo
Aaand prices are way up, plus many locations are forcing you to use self scan (literally aren't employees at the counter, they must have cut back staff). That pisses me off so much I will leave my order at the cash and walk out.
This company will be out of business in 5 years.
Does anyone think this warrants a deep dive ? Seems like some there is room on the downside here just after a brief look at the numbers.
It's genuinely disgusting how the motives for profit distribution change so drastically as a company grows. Reading statements by these larger companies you wouldn't even know they have human employees, let alone the fact that those employees are making a wage closer to the poverty line than something comfortable.
Last time I shop a dollargramma then! Give him 500k a year and divide the rest up amongst the store employees
O k
The average MLB player thinks this guy is poor. We're singling out the wrong salaries.
They also started charging upwards of $5 for goods because of "inflation" and "disrupted supply lines".
Cause he working twice as hard!
Doubling your pay in a time when people can't afford anything especially your employee's is a fucking great way of killing your business in the long run.
As long as they still have individual products for $1 or less the name is not completely misleading. Most expensive items I believe are $5.
tenOrama
Pikachu face :O
Teodollarama
I wonder if they rewarded their other employees so well
they started putting in automated cashiers in some locations. I guess we know where those savings went.
The seeds of rebellion have been sown.
Scumbags gonna scum. Corporations not surprising at all. Fuck 'em.
This should be in the anti-work subreddit.
So now he earns $2?
this is insane people WAKE UP
Bcg
I have not seen the full table, but I suspect this is more than the CEO compensation for the rest of the year.
“Prices gotta go up - inflation is hitting us really hard”
Inflation? Inflation of company profits more like it
Yeah cause all the prices doubled.
Again, where do you think your money is going? The price of everything went up but your pay stayed the same; the money isn't being poured into the stratosphere, it's going into someone's bank account.
Good to know that at least one Canadian is keeping up with inflation!
Did the wages go up by double for the staff at the same time?
NOT AT ALL... My relative has been at the same location since it opened, I want to say over 12 years ago. The only raise she has ever gotten, is the minimum wage increase, that the government enforced. No wage increase, no bonus, not even at holiday time. AND, had to supply their own PPE throughout the pandemic .
But with trickle down economics, that means he is going to use that money to pay his employees better /s
Is there anything these stores sell that doesn't end up in a landfill or ocean/river within the week? All cheap plastic junk.
Dollarama is pretty trash anyway. Everything actually a dollar is often garbage quality and everything else is overpriced slightly less garbage quality. They just profit off of people who can't afford better or don't realize it's not worth it to buy trash quality things for cheap.
Good for him.
Those types of stores should be banned. They sell cheap products that are thrown away so quickly
They also sell products that people living in lower incomes rely on
And no pay increase for workers?
Shameful
but, but inflation? #cancel dollarama CEO