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The operator of the Greater Union cinemas, Amalgamated Holdings (AHD), has foreshadowed that its first-half year profits will fall by 25 to 30 per cent.

Despite downgrading its profit guidance, The Reject Shop is looking forward to opening up to 13 new stores around the country next year.

Owner of Radio Rentals, Thorn Group, has announced it will be strategically moving its investment elsewhere after deciding to exit its online retail venture BigBoxBrown.com.au, as a result of “difficult trading conditions”.

Myer has reported sales for the period ending 30 October is down 1.53 per cent to $706 million compared to the previous corresponding period, in which Myer delivered a record result with sales growth of 5.21 per cent.

The pizza chain saw a 7.83 per cent growth which has been achieved with same store sales growth of 9.35 per cent in Australia and New Zealand and 4.21 per cent in Europe.

The overall strength of the economy, low levels of unemployment and a strong product assortment should underpin a successful Christmas trading period, company CEO Terry Smart said.

The privately-owned company has disclosed its first yearly summary in its published report, ‘Welcome Inside’.

According to the company, it is the fourth consecutive year that Cash Converters has exceeded its forecasted numbers.