Reject Shop's FY profit slips

Retailer confident a string of new stores will return it to profit growth in FY14.

The Reject Shop (TRS) says it is hesitant to estimate forward sales because of current economic conditions, but remains confident a string of new stores will deliver a return to profit growth after a fall in full-year net profit in fiscal 2013.

In the year to June 30, The Reject Shop's net profit was $19.45 million, an 11.3% decline on the $21.92 recorded in 2012.

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