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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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Showpo: Monitoring and monetising social marketing

  • News
  • April 19, 2018
  • Courtney Devereux
Showpo: Monitoring and monetising social marketing

Online clothing retailer Showpo boasts an impressive social media reach, using different platforms to promote its brand to its audience of over two million. We spoke to chief marketing officer of Showpo, Mark Baartse, about the best way to market on social media and if he thinks influencers have longevity in a world ruled by ‘likes’.

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Wondermins designer vitamins launch in New Zealand

  • News
  • April 19, 2018
  • Sarah Dunn
Wondermins designer vitamins launch in New Zealand

In the US, branded vitamins taking their visual language from the beauty world are a trendy new product category that retailers are racing to invest in. A New Zealand company has launched its own AI-enabled answer to the trend: Wondermins.

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The April/May issue of NZ Retail magazine is headed to subscribers

  • News
  • April 19, 2018
  • The Register team
The April/May issue of NZ Retail magazine is headed to subscribers

Our newest edition of The Register’s print magazine, NZ Retail, is on its way to a letterbox near you. In it, we explore the highly specialised world of airport retail; explain how retailers can roll with upcoming changes to employment law; take you to not one but two US trade fairs with the International Home + Housewares Show and Shoptalk; trace the ecosystem behind stock units; and take a totally mature and non-salacious look at the hard growth behind adult toy retail.

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