The Reject Shop appoints Phillip Bishop as its CEO and provides FY2022 update

The Reject Shop Limited (ASX: TRS) announced the appointment of Phillip Bishop as its new CEO on and from 11 July 2022. It also provided an update on FY2022 and capital management.

Phil is an experienced retail leader and has a record of contributing to the growth and transformation of businesses through clarity of strategy, innovation and cultural change. The Company believes that Phillip’s expertise in product, customer and managing a large store network would help TRS more relevant its customers and accelerate the Company’s turnaround and growth plans.

Currently, TRS is trading in line with management’s expectations and consistent with broker consensus estimates of FY2022 pre AASB-16 EBIT.

At AEST 11:02 AM, TRS shares are trading at AU$3.280, up 15.08% from the previous close. 

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