The Reject Shop Limited
(ASX:TRS) expects to exceed its store opening targets in the current financial year.
The discount retailer plans to open more than 20 new stores in the second half of fiscal 2013, taking its total new openings for the full year to approximately 40.
The company says the increase in store openings will allow it to leverage off its expanded infrastructure over the long term following its significant investment in growing its store footprint.
However, trading contributions from new stores opened in the second half is expected to be offset by costs associated with opening the stores in the first place.
The Reject Shop generated a net profit of $21.9 million in the 2012 financial year.
