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Briscoe Group release full year sales

  • News
  • February 5, 2018
Briscoe Group release full year sales

Briscoe Group has made a record full-year profit as sales top the $600 million-dollar mark. The group credits the profit to strong sales in the fourth quarter.

Briscoe Group, owners of both Briscoes and Rebel Sport, saw total sales rise by 2.6 percent to about $194 million in the 13 weeks ended January 28.

A strong fourth quarter was credited towards the sportswear sector which saw sales rise 5.1 percent, or a 4.9 percent same-store gain, of $69 million.

Although homeware was down 0.3 percent on a same-store basis, sales climbed by 1.3 percent to $124.8 million. For the full year sales rose 3.5 percent to $603 million as homeware gained 3 percent to $384 million and sporting goods sales were up 4.3 percent to $219 million. 

Managing director, Rod Duke, says gross percentage should be expected to be lower as intense retail competition continues to grow, both here and internationally.

"We operate in highly competitive markets, and it is a credit to the whole team that we have once more delivered a record performance."

"Our traditional store format and promotional campaigns continue to resonate with our customers. This was particularly evident during Black Friday and Boxing Day – both were record days for us."

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The Retail Hotlist: Freedom Kids has the 'Hottest ecommerce concept'

  • News
  • August 10, 2018
  • Courtney Devereux
The Retail Hotlist: Freedom Kids has the 'Hottest ecommerce concept'

Back in June, we launched The Retail Hotlist - an awards programme highlighting retail's best and brightest. We're now sharing the stories behind winners like Freedom Kids, which was awarded 'Hottest ecommerce concept'.

Read more
 
 

Grater Good’s Flip Grater is opening a vegan butchery

  • News
  • August 9, 2018
  • Jonathan Cotton
Grater Good’s Flip Grater is opening a vegan butchery

"Butchery" is a not a term commonly associated with veganism, but Flip Grater, the founder of coming-soon vegan ‘butchery’ Grater Goods, thinks that’s okay.

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Hallenstein Glasson Holdings success after Storm sale

  • News
  • August 9, 2018
Hallenstein Glasson Holdings success after Storm sale

Hallenstein Glasson Holdings has announced an expected annual profit rise of about 58 percent after the sale of its Storm clothing brand.

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From promise to production: Kowtow’s latest collection continues its sustainability journey

  • News
  • August 9, 2018
  • Georgina Harris
From promise to production: Kowtow’s latest collection continues its sustainability journey

Wellington-based fashion label Kowtow is known for its high-design values alongside minimal, every-day basics. Gosia Piatek, founder, creative director and designer of Kowtow, talks about its sustainable flagship store, the new fabrics in its latest collection, and being inspired by art and design.

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The Retail Hotlist: 'Hottest subscription model' goes to Smartass

  • News
  • August 9, 2018
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The Retail Hotlist: 'Hottest subscription model' goes to Smartass

We've been sharing the stories behind The Retail Hotlist winners. This time, learn how Smartass picked up the prize for 'Hottest subscription model'.

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eStar's advice for creating amazing online experiences

  • In Association with eStar
  • August 8, 2018
eStar's advice for creating amazing online experiences

eStar digital strategist, Greg Randall discusses Service Design and how employees, tools, and processes contribute to creating amazing online experiences

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