Reject Shop Limited (AU:TRS) has released an update.
The Reject Shop Limited has reported record sales of $852.7 million for FY24, reflecting a 4.1% increase, despite a challenging retail environment. The company’s new merchandise strategy focusing on low prices and variety has been well received by customers, leading to improved gross profit margins. With a strong balance sheet and plans to open 15-20 new stores in FY25, The Reject Shop is poised for growth in the discount variety retail sector.
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