Reject Shop profit drops
The Queensland floods and the cost of opening new stores has led retailer The Reject Shop to post a fall in annual profit.
The company’s fiscal 2013 net profit was $19.4 million, down 11 per cent on its $21.9 million profit in the previous year despite a rise in continuing operations sales revenue to $618 million.
Chris Bryce, MD, said the company had performed well in a tough retail environment. Inside Retail – Read More.