Discount chain The Reject Shop will buy back up to $10 million of its shares, but has ditched its final dividend following a tough 2022 punctured by store closures and lockdowns.
The company said sales have been steadily improving since March as the impact of COVID-19 on customer behaviour appears to be diminishing.
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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
