The Reject Shop

Infobox Company
name = The Reject Shop

type = Public (asx|TRS)
genre =
foundation = 1981
founder = Earle Sacher
location_city = Melbourne, Victoria
location_country = Australia
location =
locations =
origins =
key_people = Gerry Masters (CEO)
area_served =
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slogan =
homepage = [http://www.rejectshop.com.au www.rejectshop.com.au]
dissolved =
footnotes =
intl = yes

The Reject Shop is an Australian discount variety store chain. Founded in 1981 as a "seconds" store in South Yarra, Victoria, the company currently operates over 130 stores in Victoria, South Australia, New South Wales, Queensland and the Australian Capital Territory, employing over 2500 staff. [ [http://www-07.ibm.com/businesscenter/au/industry/retailsolresource/casestudies/rejectshop.html IBM Case Studies - The Reject Shop] , IBM.]

Since 1994, the chain was previously majority owned by Macquarie Bank, but was floated on the Australian stock exchange in June 2004 when Macquarie decided to offload its shares. [Leyden, Fleur: [http://www.theage.com.au/articles/2004/04/18/1082226636142.html Reject Shop prepares to float out of bargain basement] , "The Age", 19 April 2004.] [Leyden, Fleur: [http://www.theage.com.au/articles/2004/04/28/1083103549620.html Reject Shop gears up for June float] , "The Age", 29 April 2004.] The float was successful, with the company tripling in size two years after going public. [ [http://www.smh.com.au/news/Business/The-Reject-Shop-goes-has-tripled-in-size/2006/06/12/1149964450817.html The Reject Shop goes has tripled in size] , "The Sydney Morning Herald", 12 June 2006.] Former chief executive Barry Saunders, recruited to the company in 2000 by Macquarie Bank, retired in 2007. [Achievements show Saunders is no reject "The Sydney Morning Herald", 16 January 2007.] He was replaced in May 2007 by Gerry Masters, a former Coles Group executive, after 33 years with his former employer. [ [http://www.theage.com.au/news/business/executive-who-started-at-the-bottom-aims-to-develop-a-rejectioncomplex/2007/05/31/1180205426766.html Executive who started at the bottom aims to develop a rejection complex] , "The Age", 31 May 2007]

References

External links

* [http://www.rejectshop.com.au/ Official site]