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    The Reject Shop (ASX:TRS) profit slips

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    The Reject Shop has posted a 5% drop in annual net profit to $7.9 million.

    The discount retailer said it will buy back $10 million of its shares after Covid-19 challenges including store closures and lockdowns.

    ??At this stage it appears that customer concerns around COVID-19 continue to decline and customers are becoming increasingly confident to go out and shop,? said Chairman Steven Fisher.

    Shares in The Reject Shop fell 4.6% following the announcement.

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