Latest news with #TheRejectShop
The Market Online
6 days ago
- Business
- The Market Online
Dollarama and its Bold Move into Australia
Canadian-based Dollarama Inc. officially closed its acquisition of Australia's The Reject Shop Altogether, the acquisition is an all-cash deal worth approximately C$233M The Reject Shop operates over 390 stores nationwide and employs over 5-thousand staff stores nationwide and employs over 5-thousand staff Alpha Ba, 'Over the past 5 years, Dollarama's stock has returned approximately 30% annually. This article is a journalistic opinion piece which has been written based on independent research. It is intended to inform investors and should not be taken as a recommendation or financial advice. Montreal Retail Giant Dollarama Completes a C$259M Acquisition of The Reject Shop Dollarama Inc. (TSX: DOL), Canada's premier value retailer, officially closed its acquisition of Australia's The Reject Shop on July 30, 2025, in an all‑cash deal worth approximately A$259 million (C$233 million) The takeover, approved by The Reject Shop's board and its major shareholder (Kin Group, ~20.8% stake), offered A$6.68 per share—a 108–112% premium over historical prices Headquartered in Melbourne, The Reject Shop operates over 390 stores nationwide, generated about A$852–866 million in sales in 2024, and employs over 5,000 staff. To begin with, Alpha Ba, Chief Officer at Pillow Investments, a global investment consulting firm based in Toronto defines three core dimensions of the acquisition. Firstly, Dollarama has delivered superior investment performance, seized a transformative opportunity in Australia, and now aims to drive growth through efficiency gains. Superior Investment Performance To illustrate superior investment performance, Ba states,'Over the past five years, Dollarama's stock has returned approximately 30 per cent annually, more than double The Reject Shop's 12.5 per cent,' noting Dollarama's operational efficiency and capital discipline. Alpha Ba, Partner & Chief Investment Officer, Pillow Investments In addition, Ba points out, 'We are confident that Dollarama can instill those superior management skills into The Reject Shop.' Dollarama's Transformative Opportunity in Australia At this point, with the acquisition now closed, Dollarama gains an immediate platform of nearly 400 stores. In addition, The Reject Shop's performance—sales at A$852 million in 2024—offers foot traffic and reach if re‑energized properly. Ba continues: 'The Reject Shop had been dogged by tough competition and low profitability due to poor merchandise selection and high shoplifting/shrinkage.' Dollarama: Efficiency Gains as the Growth Engine Dollarama plans to revitalize the business by leveraging improved sourcing, boosting private‑label penetration, and opening new stores at a low capital cost of under A$100K each. To further illustrate this, that expansion targets include growing store count to around 700 by 2038 — nearly doubling reach over the next decade. 'Dollarama plans to improve margins at the Reject Shop by leveraging its global sourcing, expanding its private label footprint and opening new stores in a cost-effective way.' Alpha Ba, Partner & Chief Investment Officer, Pillow Investment Another key point Ba makes is flagging the risks of the situation. These include, Australian retail volatility, cultural integration challenges, and product localization needs. To further his analysis, Ba notes this acquisition offers Dollarama a launchpad into the Asia–Pacific region. While at the same time, providing a real-time lab to scale its value-retail playbook. 'Over the past 5 years, Dollarama's stock … more than double … reflects Dollarama's superior operating performance and capital efficiency.' 'The target is for Dollarama too dramatically improve the Reject Shop's efficiency … expansion plan to 700 stores by 2038.' Alpha Ba, Partner & Chief Investment Officer, Pillow Investments To conclude, If Dollarama executes its sourcing and merchandising strategy in Australia, it could unlock significant value. This move may reshape the country's discount retail landscape. It could also boost long-term returns for shareholders. Join the discussion: Find out what the Bullboards are saying about Dollarama Inc. and check out Stockhouse's stock forums and message boards. Stockhouse does not provide investment advice or recommendations. All investment decisions should be made based on your own research and consultation with a registered investment professional. The issuer is solely responsible for the accuracy of the information contained herein. For full disclaimer information, please click here.
Daily Mail
25-07-2025
- Business
- Daily Mail
Shoppers flock to The Reject Shop for surprise 'Euro summer' homewares collection: 'Ditching Kmart for good'
The Reject Shop has wowed shoppers once again with a stunning new range - this time bringing European summer vibes to Australian homes. The collection features Amalfi Coast-inspired homewares - including $2 dipping bowls, $2.50 dinner plates, $7 serving bowls, $7 platters and more. Shoppers can give their homes a Euro-inspired makeover without breaking the bank. After the sell-out success of its Bistrot Bee, Porto and French Provincial collections, the retailer has launched two new ranges: Riviera and World Travel. Expect pops of colour - perfect for brightening up any room, whether it's the kitchen, bedroom, living space, bathroom or even your office. Whether you're after a beachy aesthetic, obsessed with travelling or simply looking to turn your home into a European haven, there's plenty to shop. 'Planning a getaway over a quiet cuppa? These are a must. Fun boarding pass themed mugs, $4.50 each,' The Reject Shop said. One item that's caught the attention of many shoppers is the $14 vintage camera-shaped teapot, perfect for brewing tea in style. 'I need the teapot,' one said. 'The teapot is so cute,' another shared. Customers have expressed their excitement over the new items, with one joking: 'Can you please stop dropping all these amazing home décor. Not good for the budget.' 'OMG I love everything,' another said. The Riviera collection is everything you need - wrapped up with a bow. The range features pretty trinkets or bow-themed frames for just $5.50 each. 'My teenager loves bows; stocking up on some of these for her as Christmas presents,' one mum said. It's the latest in a string of hits for the store, which is increasingly taking on the likes of Kmart and Target with its affordable designer-inspired collections that are designed to mix and match. Aussie bargain hunters were thrilled earlier this year with news of The Reject Shop's latest multi-million-dollar takeover deal, which has promised an expansion of 700 new stores nationwide. Canadian retail giant Dollarama acquired the store for an eyewatering $259million - a deal that marked a milestone moment for the brand. Previously speaking to FEMAIL, a Reject Shop spokesperson teased that they couldn't give away too much when it came to their future plans, but did hint they may explore more luxury-inspired offerings. 'We have some very exciting homewares collections coming up throughout the year and cannot wait to share them with our customers,' they said. 'We love home decor that gives a colourful personality to spaces, giving our customers the chance to make exciting choices with their interior design while remaining on a budget.' The Reject Shop CEO Clinton Cahn announced that he was 'excited about the opportunities that this transaction presents', as many Australia consumers are in such a cost-of-living crunch. This deal will also see a huge rise in availability for Aussies to get their hands on products even quicker, with more physical stores to cater to the rising demand.
Cision Canada
22-07-2025
- Business
- Cision Canada
DOLLARAMA COMPLETES ACQUISITION OF AUSTRALIAN DISCOUNT RETAILER THE REJECT SHOP Français
, July 21, 2025 /CNW/ - Dollarama Inc. (TSX: DOL) ("Dollarama" or the "Corporation") today announced the closing of its previously announced acquisition of The Reject Shop Limited (ASX: TRS) ("The Reject Shop") following receipt of the necessary shareholder, regulatory and court approvals. Headquartered in Melbourne, The Reject Shop is Australia's largest discount retailer with a well-located store network of more than 390 locations spanning every Australian state. This strategic acquisition marks Dollarama's entry into the Australian market, building on its proven track record as a leading Canadian value retailer with a growing presence in Latin America through Dollarcity. "We are pleased to officially welcome the TRS team to Dollarama," said Neil Rossy, President and Chief Executive Officer of Dollarama. "Expanding our international reach supports our long-term growth strategy, and we are thrilled to be embarking on this exciting new chapter with TRS's local leaders and more than 5,000 employees. By working together and applying Dollarama's strengths in sourcing, merchandising and retail operations, we are well positioned to deliver compelling value to Australian consumers and to drive the expansion of our new Australian growth platform over the long term." Forward-Looking Statements Certain statements in this press release about our current and future plans, expectations and intentions, results, levels of activity, performance, goals or achievements or any other future events or developments constitute forward-looking statements. The words "may", "will", "would", "should", "could", "expects", "plans", "intends", "trends", "indications", "anticipates", "believes", "estimates", "predicts", "likely" or "potential" or the negative or other variations of these words or other comparable words or phrases, are intended to identify forward-looking statements. Forward-looking statements in this press release include statements about the anticipated benefits of the acquisition of The Reject Shop (the "Transaction") and their expected impact on Dollarama's growth strategies and international expansion, business, prospects, opportunities, development, and other strategic priorities; plans for the business and the future potential expansion of the business and other statements that are not historical facts. Forward-looking statements are based on information currently available to management and on estimates and assumptions made by management regarding, among other things, the Corporation's ability to successfully integrate The Reject Shop business upon completion of the Transaction; the realization of the expected strategic, financial and other benefits of the Transaction in the timeframe anticipated; The Reject Shop's ability to continue to attract and retain key employees; the accuracy and completeness of the information provided by The Reject Shop in connection with the Transaction; the absence of undisclosed costs or liabilities associated with the acquisition, the ability of The Reject Shop to maintain its current key business relationships; management's estimates and expectations in relation to future economic and business conditions in relation to the Transaction and future performance and other factors in relation to The Reject Shop's business, and their resulting impact on growth, leverage and accretion; the accuracy of certain information relating to the Australian discount store market and Australia's actual population and its projected growth; as well as other factors that are believed to be appropriate and reasonable in the circumstances. However, there can be no assurance that such estimates and assumptions will prove to be correct. Many factors could cause actual results, level of activity, performance or achievements or future events or developments to differ materially from those expressed or implied by the forward-looking statements, including the Corporation's inability to successfully integrate The Reject Shop's business upon completion of the Transaction, the potential failure to realize anticipated benefits from the Transaction, the Corporation's reliance upon information provided by The Reject Shop in connection with the Transaction, potential undisclosed costs or liabilities associated with the Transaction, the inability of the Australian discount retail store market to achieve rates of per capita store penetration similar to the Canadian and U.S. dollar store markets, as well as the factors which are outlined in the management's discussion and analysis for the first quarter of the fiscal year ending February 1, 2026 and discussed in greater detail in the "Risks and Uncertainties" section of the Corporation's annual management's discussion and analysis for the fiscal year ended February 2, 2025, both available on SEDAR+ at and on the Corporation's website at These factors are not intended to represent a complete list of the factors that could affect the Corporation, The Reject Shop or the Transaction; however, they should be considered carefully. The purpose of the forward-looking statements is to provide the reader with a description of management's expectations regarding the Corporation, The Reject Shop and the Transaction and may not be appropriate for other purposes. Readers should not place undue reliance on forward-looking statements made herein. Furthermore, unless otherwise stated, the forward-looking statements contained in this press release are made as today and management has no intention and undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. All of the forward–looking statements contained in this press release are expressly qualified by this cautionary statement. About Dollarama Founded in 1992 and headquartered in Montréal, Quebec, Canada, Dollarama is a recognized Canadian value retailer offering a broad assortment of consumable products, general merchandise and seasonal items both in-store and online. With stores in all Canadian provinces and two territories, our 1,638 locations across Canada provide customers with compelling value in convenient locations, including metropolitan areas, mid-sized cities and small towns. Our quality merchandise is sold at select fixed price points up to $5.00. Dollarama also owns a 60.1% interest in Dollarcity, a growing Latin American value retailer. Dollarcity offers a broad assortment of consumable products, general merchandise and seasonal items at select, fixed price points up to US$4.00 (or the equivalent in local currency) in 644 conveniently located stores in Colombia, Guatemala, El Salvador and Peru.
Daily Mail
06-07-2025
- Entertainment
- Daily Mail
The Reject Shop drops 'most nostalgic launch ever' starting at $2: 'I've been waiting so long for this'
A quirky 'new' trend is sweeping through the shopping aisles of The Reject Shop, but some fans have seen it before. Call it nostalgia, self-expression, or a playful twist on everyday luxury, but bag charms are having a big moment. From fluffy toys to glitzy, jewellery-style trinkets, bold bag charms are swinging from handbags everywhere, but what used to be reserved for the early 2000s, or more recently, the 2024 high-end designer catwalks like Miu Miu, Coach and Balenciaga, has now reached our chain stores too. This year, playful trinkets have been taking over TikTok and Instagram feeds globally, thanks in part to the Labubu craze - the cult character collectible that inspired thousands of bag-dangling lookalikes and copycats, which can fetch thousands of dollars each. Labubu's cheeky, mismatched, slightly creepy aesthetic struck a chord with collectors and fashion fans alike, paving the way for a full-blown accessories explosion. Now, The Reject Shop is giving everyone a taste of the trend, minus the expensive price tags. With charms ranging from $2 to $4, their range includes adorable teddy bears in pastel tones, smiling mermaids, mini fluffy notebooks, toy strawberries and even miniature Crocs. The kitschy-meets-cute aesthetic has become a hit not just with teens, but with millennials chasing a little Y2K nostalgia, and maybe mums grabbing a quick dopamine hit on their weekly discount shop. 'I knew this would catch on,' said makeup enthusiast Donna Brandon-Brown in her TikTok video. 'Look at the Reject Shop, I knew this was going to happen.' 'These are so cute, little butterflies. That one's coming home with me,' she added. And it's not just bags that are getting the makeover. Charms are being clipped onto everything from belt loops to backpacks, phone cases and even shoelaces. The beauty of this trend, and probably why it's so popular, is the ability for consumers to customise their charms and play up to different trends, moods and aesthetics, without age caps being a factor either. It may even be due to a broader rejection of the 'quiet luxury' movement. Instead of beige minimalism and logo-free basics, it seems the pendulum is swinging hard in the other direction toward expressive, joyful accessorising. So, if you missed the first wave of bag charm fever back in the early 2000s, or you're ready to relive it all over again now's your chance. And with prices lower than your morning coffee, it's no wonder shoppers can't stop at just one.
Daily Mail
02-07-2025
- Business
- Daily Mail
Forget Kmart: The Reject Shop sends fans wild over new homewares range - including a sell-out 'dupe' of designer brand
Bargain-hunters are racing to The Reject Shop after the budget retailer quietly launched a whimsical new homewares collection. The range includes an eye-catching set of 'cabbage' kitchen pieces that many believe are perfect dupes for the luxury Portuguese brand Bordallo Pinheiro. The floral-heavy collection has been spotted in stores across Australia, with prices starting from as little as $4. From daisy-shaped hand-painted plates to printed jugs, pastel trays, and teacup-and-saucer sets in cheerful shades of pink, yellow, and red for just $10, the range is fast becoming a favourite among those wanting to add charm to their homes - without the designer price tag. But it's the cabbage-inspired collection that's truly sent shoppers into a spin. The Reject Shop is now selling a full line-up of cabbage-style plates, mugs, bowls, cannisters, cups and measuring spoons - in both pink and green - that bear a striking resemblance to the iconic ceramic pieces designed by Bordallo Pinheiro. The original Pinheiro range is considered a collector's item in many households, but it doesn't come cheap: a single teapot can cost $261, while a single bowl retails for $129 and a four-piece cereal bowl set clocks in at $309. 'It's giving dinner party on a budget - but still luxe,' one fan commented online, after spotting the pink cabbage mugs in-store. The range includes an eye-catching set of 'cabbage' kitchen pieces that many believe are perfect dupes for the luxury Portuguese brand Bordallo Pinheiro 'These are adorable. I'm doing a garden brunch theme and these are perfect,' said another. The cabbage design has long been beloved for its playful yet elegant aesthetic - a blend of nostalgia, European charm, and old-world craftsmanship. The leafy, organic shape adds visual interest to any setting and brings a pop of colour to neutral tables. Whether you mix and match the cabbage plates with the daisy dishes, or go all out with a monochrome set in blush pink, the effect is whimsical and high-end - with none of the guilt. Experts say it's part of a growing movement of Australians embracing budget-friendly hosting as cost-of-living pressures bite, but the desire for curated, beautiful moments hasn't gone away. 'More people want to stay in and entertain at home,' a shopper told FEMAIL. 'But we still want it to look good for guests - this lets you set a pretty table without spending hundreds.' The Reject Shop's latest launch is also deeply 'Instagrammable', with many flocking to TikTok and Facebook to share their finds. Several items - particularly the cabbage bowls and floral teacups - are already reportedly selling out in select stores. With rising interest in home entertaining, nostalgic design, and affordable luxury, this drop is likely to be one of the chain's biggest hits of the season. Whether you're a cottagecore enthusiast or just want a $10 cup that feels like a $100 one - you might want to head in-store before it's all gone.
