Definitions

seconds store

The Reject Shop

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.

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

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