Why it matters: The Reject Shop has reinstated dividend payments and intends to undertake a further on-market share buyback of up to $10 million
Sales rose 5.2 per cent to $819.3 million in 2023 as shoppers sought out bargains
Acting chief executive Clinton Cahn will take the role permanently
Australia’s largest discount variety retailer, The Reject Shop, has reinstated dividend payments and intends to undertake a further on-market share buyback of up to $10 million, after posting higher sales and profits.
The Reject Shop also said acting chief executive Clinton Cahn would take the role permanently from Thursday. Mr Cahn will continue to act as chief financial officer while a replacement CFO is sought.
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Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club. Connect with Carrie on Twitter. Email Carrie at carrie.lafrenz@afr.com
