Letting go of The Reject Shop

Australia's largest discount variety retailer is undergoing a turnaround, but we're ready to move on.

As new chief executive Ross Sudano said at The Reject Shop’s full-year result: ‘momentum has changed’. Sudano was referring to the company’s turnaround in same-store sales, but the same could be said of its share price.

The stock has increased 31% since The Reject Shop: Result 2015 from 19 Aug 15 (Hold – $7.22) and 85% since the low of $5.11 set in July.

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