Confident leading into Christmas.
Briscoe Group, parent company of Briscoes Homeware, Living & Giving and Rebel Sport, has reported unaudited sales of $129 million for the third quarter period or 13 weeks ended 29 October, 2017, an increase of 2.72% in comparison to the previous corresponding period.
Homeware sales increased by 2.48% to $81 million, while sporting goods jumped 3.11% to $47.9 million. On a same-store basis homeware sales increased by 2.65% for the quarter and by 2.87% for sporting goods.
Briscoe Group managing director, Rod Duke said, We are pleased with the Group’s performance across this third quarter in a market which continues to be highly competitive. We are especially pleased with the sales growth achieved during October after rather subdued retail trading during September had been widely reported on the back of unseasonal weather, election-related uncertainties and the slowing housing market.
With a strong employment market, low rates of unemployment and strengthening rural incomes there are a number of positive economic indicators which bode well for retailers leading into the Christmas period. We are certainly encouraged by the very strong sales growth experienced during October and gives us considerable confidence as we commence the crucial final quarter with sales and profit tracking ahead of last year as they have done for each of the previous two quarters.