Briscoe Group sales inch up

For the third quarter.

New Zealand retailer, Briscoe Group has recorded unaudited sales of $132.8 million for the third quarter – an increase of 2.59% in comparison to the previous corresponding period. During the quarter, sales from the homeware segment increased by 3.26% and sporting goods were up 1.46%.

Briscoe Group managing director, Rod Duke said, “The group has delivered satisfactory sales growth during this third quarter as well as increasing gross profit margin percentage in a highly competitive retail market. We certainly do not underestimate the obvious effects we are seeing on the market from higher fuel prices and subdued consumer confidence.

“We continue to optimise our network of online and bricks-and-mortar stores. The new Briscoes Homeware store will replace the existing store at Northlands and will almost double the space of the current store.

“As we commence the final quarter, we remain confident that we have the right programs in place to continue to deliver the quality products, service and shopping experience to ensure improved bottom line profit and returns to shareholders.”

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