The Reject Shop

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The Reject Shop
Type Public (ASX:TRS)
Founded 1981
Founder Earle Sacher
Headquarters Melbourne, Victoria, Australia
Key people Gerry Masters (CEO)
Website www.rejectshop.com.au

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.[1]

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.[2][3] The float was successful, with the company tripling in size two years after going public.[4] Former chief executive Barry Saunders, recruited to the company in 2000 by Macquarie Bank, retired in 2007.[5] He was replaced in May 2007 by Gerry Masters, a former Coles Group executive, after 33 years with his former employer. [6]

[edit] References

  1. ^ IBM Case Studies - The Reject Shop, IBM.
  2. ^ Leyden, Fleur: Reject Shop prepares to float out of bargain basement, The Age, 19 April 2004.
  3. ^ Leyden, Fleur: Reject Shop gears up for June float, The Age, 29 April 2004.
  4. ^ The Reject Shop goes has tripled in size, The Sydney Morning Herald, 12 June 2006.
  5. ^ Achievements show Saunders is no reject The Sydney Morning Herald, 16 January 2007.
  6. ^ Executive who started at the bottom aims to develop a rejection complex, The Age, 31 May 2007

[edit] External links


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