Dollarama and new dollar-store entrant Flying Tiger should be able to live in harmony in the Canadian market, Vishal Shreedhar of National Bank of Canada says. The Danish variety retailer recently opened its first store in Canada. Flying Tiger is "geared more towards novel/discretionary merchandise, versus DOL's needs-based everyday value assortment." This isn't the first time Dollarama's position was challenged either, according to Shreedhar. "In the past media reports suggested that Temu, Amazon, Miniso, among others were deemed to be competitors to DOL; notwithstanding, DOL continues to gain market share," he says. While Flying Tiger has plans to expand in Canada, Shreedhar says that Dollarama's offer remains differentiated. (adriano.marchese@wsj.com)