Briscoe Group Ltd has come out well ahead in a year which group managing director Rod Duke said had been challenging for many retailers.
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Briscoe same-store sales up 5%
Briscoe Group Ltd has lifted its adjusted same-store annual sales by just under 5% – sporting goods by 7%, homeware by 3.8%.
Read more →Propbd on Q W1Jul15 – Briscoe sets scene for Kathmandu takeover, Argosy sells sites
Briscoe prepares takeover offer after grabbing 19.9% of Kathmandu – Argosy sells 2 Manawatu sites
Read more →Briscoe signs conditional Stirling Sports franchising takeover
Published: 25 March 2005 Rebel Sport owner Briscoe Group Ltd has signed a conditional agreement to take the franchising business for the Stirling Sports chain of sports goods stores off Mark Taylor’s Stirling Sports Franchises Ltd & Franchise Investments Ltd (in receivership since December). Franchise Investments licensed the intellectual property rights in the Stirling Sports […]
Read more →Briscoe warns of hefty 2nd-half profit cut
Briscoe Group Ltd’s directors said on Friday the company expected to make a lower full-year net profit after tax than previously indicated. They said November ended disappointingly, December trading started more slowly than anticipated and this was likely to bring a similar cut in 2nd-half profit to the $3.1 million first-half reduction. In that event, […]
Read more →Briscoe aims at Stirling Sports takeover
Rebel Sports owner Briscoe Group Ltd (managing director Rod Duke) is discussing the takeover of the franchise rights to the opposition 38-store Stirling Sports chain from Mark Taylor, whose listed RetailX business fell apart when receivers were called in to The Building Depot in September. Mr Taylor, of Christchurch, took over his father Colin’s franchising […]
Read more →Briscoes’ Q2 sales slip but Duke says group picking up
Briscoe Group Ltd’s sales fell 1.3% in the July quarter, compared to that quarter last year, to $71.4 million. The gross margin percentage generated for both the first & 2nd quarters was significantly ahead of the percentage in the same quarter last year, but this was more than offset by higher operating costs, reflecting the […]
Read more →Briscoe sells Nelson store, plans series of openings
Briscoe Group Ltd has sold its Rebel Sport property in Nelson in a sale & leaseback transaction settling by 1 August. Briscoe bought the site in October 2002 and opened the Rebel Sport store there in April 2003. The company said it had also signed agreements to establish new Briscoes Homeware stores in the Coastlands […]
Read more →Briscoe Group sales down, and well down same-store
Briscoe Group Ltd’s sales fell 1.9% in the 3 months to 30 April, to $67.3 million. Group managing director Rod Duke said same-store sales were down 8.9% but the gross margin overall was significantly ahead. He said the improved margin performance reflected strategic steps previously announced to redefine the positioning of the Briscoes Homeware and […]
Read more →Briscoe net profit steady
Briscoe Group Ltd increased net profit after tax by just $60,000 to $23.62 million in the year to January, on operating revenue up 6.6% to $317.3 million, ebit (earnings before interest & tax) up 4.1% to $34.7 million and gross profit up 8.2% to $100.5 million. Briscoe will pay a fully imputed 4.25c/share final dividend, […]
Read more →Strong finale pushes Briscoes well above forecast
40% profit rise for retailer, same-store earnings up 11.3% Briscoe Group Ltd increased net profit after tax for the 12 months to 27 January by 40.2% to $17.5 million from the $12.5 million in 2001. The November 2001 prospectus forecast was for a $15.1 million profit. The final dividend is a fully imputed 3.25c/share, compared […]
Read more →Briscoes has big profit lift
After-tax profit up 58.5% on 14% sales rise Briscoe Group Ltd increased net profit after tax by 58.5% to $9.6 million in the July half on sales up 14% to $128.1 million. Gross margins rose from 30.9% to 31.7%, reflecting better inventory management over the 2001 summer holiday period. The company was helped by improved […]
Read more →Briscoe profit up 2.6%
Sales rise 10%, same-store 9.1% Briscoe Group Ltd increased net profit after tax by 2.6% to $9.86 million on sales up 10% to $140.9 million and ebit (earnings before interest and taxation) up 7.38% to $14.3 million in the 6 months to 31 July. Briscoe has paid Rebel Sport Australia the $A3 million final franchise […]
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