No rejection here
The Reject Shop (ASX:TRS) delivered a robust performance in FY24, reporting record sales of $852.7 million, a 4.1% increase year-on-year, despite operating in a challenging retail environment.
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Reject Shop anticipates earnings slump despite sales growth
Discount retailer The Reject Shop (ASX:TRS) is expecting a more than halving in earnings for the year ending June 30, despite reporting reasonable sales growth for the latest quarter and financial year to date.
Read MoreThe Reject Shop sees dividend reinstatement and growth
In the world of retail, divergent outcomes are evident between The Reject Shop (TRS) and Lovisa, showcasing distinctive retail strategies.
Read MoreTrading Tidbits: TRS, CCP, NUF
While the overall market continued its strong start to 2023, the ongoing challenges were on full display in Wednesday’s updates from The Retail Shop, Credit Corp and Nufarm.
Read MoreCompany Chatter: BRG, KGN, TRS
Poor market sentiment in Tuesday’s ASX session had a say in how the latest profit results from appliance maker Breville, e-tailer Kogan and discount chain The Reject Shop were received.
Read MoreTrading Tidbits: GUD, TRS
A couple of news items from Thursday’s ASX trading session, with GUD Holdings announcing a late profit downgrade and The Reject Shop filling a vacant key management role.
Read MoreBoardroom Musical Chairs at CBA and TRS
Changes afoot at both ends of the spectrum with the Commonwealth Bank getting a new chair and retailer The Reject Shop in the market for a new CEO after a surprise departure.
Read MoreProfit Briefs: BLX, TRS
With peak reporting season upon us, here are snippets from the results announced yesterday by a couple more retail companies: Beacon Lighting and Reject Shop Ltd.
Read MoreThe Reject Shop (Still) Requires A Leap Of Faith
While freight costs/delays, lockdowns and consumer behaviour continue to shadow progress, brokers are looking beyond the short-term pain to a continuation of TRS’s turnaround story beyond 2022
Read MoreTRS – Morgans rates the stock as Add
The analyst lowers EPS forecasts for FY21-23 by -25%, -17% and -11%, respectively. The target price falls to $6.80 from $8.91 and the Add rating is maintained.
Read MoreTRS Being Rejected at the Register
The one-off is slowly becoming a trend in retailing as more chains report weaker sales growth or even falls compared to the boom-like conditions of a year ago.
Read MoreThe Reject Shop Eyes Lease Restructure
No trading update from The Reject Shop at its annual meeting yesterday, but a heads up for shareholders that the company plans to renegotiate a slew of store leases.
Read MoreReject Shop Shares In The Red Despite Return To Profitability
Like many of its rivals, discount retailer The Reject Shop has had a good pandemic using the surge in demand from consumers to haul itself back into profit in the year to June.
Read MoreJB Hi-Fi, Reject Shop Enjoy Temporary Sales Surge
A fool’s paradise? More reports of strong sales growth from major retailers and yet investors ignored that and sold off shares yesterday’s big slump.
Read MoreCapital Raising Spooks Reject Shop Investors
Despite a solid interim result for struggling discount retailer The Reject Shop, the shares sold off by more than 8% yesterday as investors initially took fright at a surprise $25 million heavily discounted share issue.
Read More“Fundamentally Repositioned”: The Reject Shop Talks Up Turnaround
Did we see a glimmer of light for the embattled retailer, The Reject Shop yesterday, or was it just another shuffling of deck chairs?
Read MoreEmbattled Reject Shop At The Mercy Of Its Bankers
As it warned earlier in the year discount retailer, The Reject Shop lost money in the year to June and suspended its final dividend.
Read MoreReject Shop In The Red As CEO Walks
You have to ask how long-struggling discount retail chain The Reject Shop can remain independent after another earnings downgrade and CEO departure yesterday.
Read MoreThe Reject Shop Knocks Back “Opportunistic” Offer
The Reject Shop has urged shareholders to reject the “highly opportunistic” and “low-ball” offer from Melbourne’s Geminder family.
Read MoreReject Shop Receives “Opportunistic” Buyout Bid
Melbourne’s billionaire Geminder family has lobbed a $78 million on market cash takeover bid for the struggling discount chain, The Reject Shop.
Read MoreProfit Warning Sees Reject Shop Shares Shed 42%
Discount retailer, The Reject Shop saw its shares hammered cruelly yesterday after it sprang a trading and profit downgrade on the market so early in the first half the current financial year.
Read MoreThe Reject Shop Posts Steady Result
Finally there are signs in the half year report of The Reject Shop (TRS) after more than a year of battling weak demand and self inflicted marketing and stock woes.
Read MoreWhy The Reject Shop Shares Are Sinking
Discount retailer The Reject Shop’s (TRS) weak trading performance for the six months to June especially has seen the company omit its final dividend for the 2016-17 financial year.
Read MoreThe Reject Shop Poleaxed
Shares in The Reject Shop (TRS) took another pounding from worried investors yesterday, taking its losses to more than 50% since Friday.
Read MoreReject Shop Cut On Suprise Downgrade
For the second time in two years, shares in discount retailer, The Reject Shop (TRS) have been pounded after shocking the market with a surprise sales profit downgrade.
Read MoreReject Shop Warns On Sales Growth
Suddenly the weakness apparent in the month to month retail sales figures has emerged in the figures of a leading retailer with The Reject Shop (TRS) yesterday warning of soft sales growth that could lead to a softer half year performance for the discount retailer.
Read MoreThe Reject Shop Back In The Black
The Reject Shop (TRS) sprang a major improvement on the market yesterday reporting its first profit growth in four years and boosting interim dividend 50% and the shares surged, rising almost 24% to $12.50 as investors tried to hop on the bandwagon.
Read MoreReject Shop Back On Track
Reject Shop (TRS) shares jumped 16% or more to $7.39, an 11-month high, after it claimed it was back on track after several years of weak or indifferent growth.
Read MoreReject Shares Accepted By Market After Lower Profit
Another weak report yesterday from discount general merchandise retailer The Reject Shop (TRS) saw its interim dividend cut after a 24% plunge in net profit.
Read MoreReject Shop Still Struggling
Like Pacific Brands (PBG) on Tuesday, The Reject Shop (TRS) received a different reaction to yet another bout of poor news on its trading position at yesterday’s AGM with the shares rising 0.9% to $8.67.
Read MoreTRS Cuts Dividend, Attempts To Boost Performance
The Reject Shop (TRS) is heading up market and away from its ‘cheap as chips’ roots as it tries to halt a slide in earnings and the impact of growing increased competition.
Read MoreThe Reject Shop’s Last Chance?
The accompanying graph tells us all about the task ahead for Ross Sudano, the new CEO of The Reject Shop (TRS).
Read MoreThe Reject Shop Loses CEO After Weak Half
But the big surprise was the news yesterday that Chris Bryce, the long time CEO of the discount retailer The Reject Shop (TRS), had quit and will leave the retailer at the end of the current financial year.
Read MoreReject Shop Confirms Slide
The expected weaker result from The Reject Shop (TRS) has seen the retailer cut interim dividend after revealing a slide in profit for the half.
Read MoreRetail: The Reject Shop Cuts Profit, Shares Surge
It was quite a reaction from investors yesterday to the update from The Reject Shop which confirmed that the company would have a terrible second half result, thanks to the Brisbane area floods.
Read MoreThe Economy: Retailing Losing Out To Banks
Retailing is turning into a war zone where even the cheapest and most efficient operators are being whacked by cautious consumers and the sluggish pace of demand in the economy.
Read MoreThe Reject Shop Accepted
Shares in small retailer, The Reject Shop (TRS) hit a record yesterday on the back of another solid result and expectations of more to come.
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