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Briscoe Group deliver with record results of $59.42 million

  • News
  • March 15, 2017
  • Courtney Devereux
Briscoe Group deliver with record results of $59.42 million

Briscoe Group has had another record financial year as net profits rise to 59.4 million NZD or 26.5 cents per share.

In the 52 weeks ended January 26, the report stated that the retailer widened gross margins to 41.07 percent from 40.49 percent in 2015 and 38.9 percent the year before.

Briscoe Group who owns Briscoes, Rebel Sport, and Living and Giving are reportedly remaining cautiously optimistic about the next financial year according to Rod Duke, industry chief executive.

“The focus we place on managing and improving our retail brands underpins our strong profit growth of recent years as we continually drive to improve the way we do things in every area of the business."

Rod Duke, industry chief executive 

Duke said the result was an increase of 77 percent on the result from three years ago at an annual growth rate of 21 percent for the same period.

“The relatively late start to summer and unsettled weather patterns in most parts of the country made the selling of seasonal products a little tougher, but by identifying the issues quickly and holding our nerve, we have sold through seasonal stocks at an acceptable rate, protecting both margin and our closing inventory position," Duke said.

In a time when homeware store obsession is at its peak, it is no wonder that Briscoes increased their sales by 40 percent. Accounting for six percent of the retailers cool $582.8 million in revenue.

The Briscoe Group board declared a final dividend of 11c per share, payable on March 31, taking the annual payout to 18c, up from 15.5c last year and 14c the year earlier.

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Kiwi retailers cash in on Singles’ Day

  • News
  • November 21, 2017
  • Sarah Dunn
Kiwi retailers cash in on Singles’ Day

The Chinese holiday Singles’ Day, popularised by Alibaba as the ’11.11 Global Shopping Festival’, is now the biggest sale event in the world. Alibaba reports that US$25.3 billion of gross merchandise volume was settled during the 24 hours of Singles’ Day this year. Not all of that went to Chinese retailers, however – a handful of Kiwis made the most of the opportunity.

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Updated: Noel Leeming launches a dedicated after-purchase services division

  • Technology
  • November 20, 2017
  • Sarah Dunn
Updated: Noel Leeming launches a dedicated after-purchase services division

The Warehouse Group’s electronics retailer Noel Leeming has been looking at expanding its focus on services this year. Now, it’s launched a dedicated after-purchase services division: MyTechSolution. The change also means that customers will be charged for access to Noel Leeming's helpdesk if the request goes beyond a "quick fix".

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Cameras aren’t just for security anymore

  • In Association with Axis Communications / Sektor
  • November 20, 2017
Cameras aren’t just for security anymore

In-store video cameras revolutionised loss prevention when they first became available to retailers, but as camera technology continues to evolve, they can now provide a plethora of data that supports better business decisions.

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Sale squared: Onceit talks deep discounts and sale events

  • News
  • November 20, 2017
  • Sarah Dunn
Sale squared: Onceit talks deep discounts and sale events

Kiwi high-end clearance ecommerce store Onceit works with more than 400 suppliers from New Zealand’s fashion, beauty and homewares industries to offload excess stock without brand damage. We had a chat with executive director Jay Goodey ahead of its once-yearly sale of sales.

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