reject shop in burnie . type public asx trs industry discount variety retail founded 1981 founder ron hall and john shuster 1 headquarters 245 racecourse rd kensington victoria 3031 melbourne victoria australia number of locations 321 area served australia key people ross sudano ceo revenue a 711 572 000 2014 profit a 14 500 000 2014 number of employees 3500 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 330 stores australia wide . the reject shop employs over 5 000 staff . 2 contents 1 history 2 see also 3 references 4 external links history edit 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 . 3 4 the float was successful with the company tripling in size two years after going public . 5 former chief executive barry saunders recruited to the company in 2000 by macquarie bank retired in 2007 . 6 he was replaced in may 2007 by gerry masters a former coles group executive after 33 years with his former employer . 7 on 11 september 2009 it was announced that gerry masters had resigned his position as managing director and would be replaced by chris bryce the chief financial officer effective 14 september 2009 . despite the strong growth experienced by the company in the years following 2004 a profit warning in december 2010 resulted in a sharp drop in the share price . the company was also affected by the queensland floods of 2010 with the company s brand new ipswich distribution centre being flooded . the warehouse became operational once again on august 28 2011 . a similar profit warning in june 2014 resulted in another share drop of 50 % making them one of the top worst performing shares in 2014 . 8 9 in 2013 the company commenced an aggressive growth plan following the closure of a number of retail adventures stores . the company passed the 300 store milestone in october 2013 . on 8 july 2014 the reject shop announced the appointment of ross sudano formerly of little world beverages as chief executive officer . his appointment follows the departure of chris bryce in june 2014 after leading a significant growth phase of the business . 10 see also edit homeart target australia best & less references edit http www.rejectshop.com.au aboutus index.php ibm case studies the reject shop ibm . leyden fleur reject shop prepares to float out of bargain basement the age 19 april 2004 . leyden fleur reject shop gears up for june float the age 29 april 2004 . the reject shop goes has tripled in size the sydney morning herald 12 june 2006 . achievements show saunders is no reject the sydney morning herald 16 january 2007 . executive who started at the bottom aims to develop a rejection complex the age 31 may 2007 reject shop shares drop as profits take hit . sydney morning herald . 10 june 2014 . retrieved 3 july 2014 . worst performing stocks in fiscal 2014 . finance news network . 1 july 2014 . retrieved 3 july 2014 . reject shop names ross sudano as new chief replacing chris bryce . sydney morning herald . 8 july 2014 . retrieved 9 july 2014 . external links edit official site v t e variety stores asia 100 yen shop japan daiso china hong kong japan macau malaysia philippines singapore taiwan thailand living plaza by aeon hong kong watashi to seikatsu hong kong europe 99p stores uk action netherlands b & m uk bargain buys uk coop city switzerland el corte ingl s spain dealz ireland eurogiant ireland euroland netherlands flying tiger copenhagen denmark hema netherlands home bargains uk karstadt germany manor switzerland migros switzerland monoprix france poundgiant uk poundland uk poundstretcher uk poundworld uk quality save uk upim italy zeeman netherlands north america 99 cents only stores us big lots us a buck or two canada casa ley mexico daiso canada us deals us dollar general us dollar tree us dollar tree canada canada dollarama canada family dollar us five below us fred s us great canadian dollar store canada hart stores canada k dollar us ollie s bargain outlet us ocean state job lot us rossy canada waldo s dollar mart mexico your dollar store with more canada oceania abc stores guam daiso australia crazy clark s australia defunct the reject shop australia retrieved from https en.wikipedia.org w index.php title the reject shop & oldid 741880112 categories 1981 establishments in australiacompanies based in melbournecompanies listed on the australian securities exchangediscount stores of australiaretail companies established in 1981retail companies of australiavariety stores navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store 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