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The Reject Shop

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Despite cost of living pressures, The Reject Shop recorded its lowest profit in four years.

Why the cost-of-living crisis hasn’t been a boon for $2 shops

You might imagine high inflation and interest rates would drive a rush towards discount stores. But the sector has other challenges.

  • Kayla Olaya

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The Reject Shop has lost its second chief executive since April, even as its sales improved.

Reject Shop CEO leaves after just six months

The discount retail chain has lost its second chief executive in less than a year, even as it posted improvements in its store sales.

  • Millie Muroi
The Reject Shop CEO Andre Reich is in the middle of simplifying the business.

The Reject Shop sales slide as inner-city COVID exodus continues

The discount retail chain has been forced to temper investor expectations after persistently weak sales at its inner city and shopping centre stores.

  • Dominic Powell
The Reject Shop's sales for the last three weeks have jumped a massive 15 per cent due to the coronavirus.

Coronavirus panic buying sends Reject Shop sales soaring

Discount retailer The Reject Shop has seen sales rocket upwards in the last three weeks as Australians flock to stores in search of supplies.

  • Dominic Powell
The Reject Shop has posted a 0.3 per cent increase in comparable sales for the first quarter of 2020.

Landlords on notice as Reject Shop joins 'aggressive' lease exit club

The Reject Shop has apologised for its "unacceptable" performance as it flags a new CEO pick this year and a non-compromising approach to exiting leases.

  • Dominic Powell
The Reject Shop will not pay its shareholder a dividend after plunging to an almost $17 million loss.

'Worst year': Reject Shop savaged as it unveils $17m loss, breaches covenants

The head of the struggling discount variety store lamented 'our worst year', but would not be drawn on whether it should have accepted a takeover bid earlier this year.

  • Michael Fowler
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Reject Shop chief Ross Sudano is leaving the company.

The Reject Shop CEO heads for exit as sales dive, competition bites

The Reject Shop will part ways with its chief executive and has revealed it is heading for a full-year loss, as sales evaporate and it cuts prices amid fierce competition from supermarkets and department stores. 

  • Patrick Hatch
The Reject Shop says the takeover bid is opportunistic.

Billionaire presses Reject Shop to release sales figures

Packaging billionaire Raphael Geminder has dismissed The Reject Shop's assurances that its profitability remained stable through the crucial Christmas trading period, and demanded the discount store release its sales figures. 

  • Patrick Hatch
The Reject Shop says the takeover bid is opportunistic.

Tycoon Geminder demands sales figures as Reject Shop raid heats up

Packaging tycoon Raphael Geminder has intensified his raid on budget retailer The Reject Shop, saying it is in "serious decline" and calling on its management to update shareholders on its latest trading performance.

  • Patrick Hatch
Reject Shop bid 'opportunistic'

Reject Shop bid 'opportunistic'

The $78 million takeover bid for The Reject Shop is opportunistic and undervalues the value of the discount retail chain, according to its chairman. 

  • Patrick Hatch

Original URL: https://www.smh.com.au/topic/trs-1j1