The Reject Shop Damaged By CBD Exodus And Shipping Costs
Bargain basement store The Reject Shop is suffering due to the lack of foot traffic in Australia’s CBDs and metro shopping centres,... Read More
‘At Home’ Purchases Drive The Reject Shop Sales Up 7.1%
The Reject Shop recorded sales growth of 7.1% in the second half of FY 20, driven by strong customer demand for ‘essential’... Read More
The Reject Shop’s Sales Up 36% In The Past Week
From the 16th to the 22nd of March 2020 sales at The Reject Shop’s 354 stores were up 36.1% year-on-year. This steep... Read More
Reject Shop Sales Skyrocket As Consumers Panic Buy
In the three weeks to the 15th of March, the Reject Shop’s sales rose by a massive 15.1% year-on-year. This sharp increase... Read More
The Reject Shop Post $17M Loss As CEO Search Continues
Struggling discount retailer The Reject Shop has breached its financial covenants and posted an after tax net loss of $16.9 million as... Read More
Reject Shop CEO Exits, Full-Year Guidance Slashed
The Reject Shop’s CEO Ross Sudano has resigned following store closure announcements and slashing its full-year guidance to an expected loss of... Read More
Reject Shop Profit Plummets 40%
Embattled discount retailer, The Reject Shop, has post a notable 40.6% drop in half-year net profit to $10.6 million – slashing its... Read More
Reject Shop Pushes To Reject Takeover Offer
The Reject Shop board of directors have unanimously urged their shareholders to reject Allensford’s “opportunistic” takeover bid of $78 million, calling it... Read More
The Reject Shop Receives “Opportunistic” $78m Takeover Bid
Struggling discount retailer The Reject Shop has received a $78 million cash takeover offer, a potential lifeline which it is now advising... Read More