The Reject Shop: Result 2014

Same-store sales and margins declined, so why did Australia's largest discount variety retailer just hire a guy without experience to run the shop?

Want to know how buy recommendation The Reject Shop is fairing? Then throw out the headline numbers in the latest result, sullied by a string of one-off expenses, and dig a little deeper. When you do that the answer becomes clearer: the original investment case is on track (see Bargain hunting at The Reject Shop from 1 Apr 14 (Buy – $9.89)).

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