Reject Shop trade halt

Discount retailer The Reject Shop went into a trading halt on Tuesday and announced plans to raise $40 million to fund its accelerated store roll-out program, despite reporting retail conditions remain challenging. The retailer will lift its store count of 269 to more than 300 stores by June 30, 2014. The long-term goal is to have more than 400 stores nationwide.

Discount retailer The Reject Shop went into a trading halt on Tuesday and announced plans to raise $40 million to fund its accelerated store roll-out program, despite reporting retail conditions remain challenging. The retailer will lift its store count of 269 to more than 300 stores by June 30, 2014. The long-term goal is to have more than 400 stores nationwide.

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