The Reject Shop Reports Positive Momentum

  • Oct 16, 2019 AEDT
  • Team Kalkine

The Reject Shop Limited (ASX: TRS) has reported a positive momentum in comparable sales performances for the first fifteen weeks of FY 2020 (+0.3%). The selection process for a new CEO is progressing, and an announcement is expected soon.

  • Comparable sales were -2.5% in the second half of FY 2019.
  • The retailer is focusing on leading branded products, great daily essentials & household general merchandise.
  • Customers are responding positively to the changes adopted by the company.

By 12:58 PM AEST, TRS was trading at $2.13, down by 2.74% relative to the prior close.


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