Briscoe Group sales slashed by level 4 lockdown

Rebecca Howard
Fri, 01 May 2020

The covid-19 level 4 lockdown slashed Briscoe Group's quarterly sales by more than a third, despite a doubling of the firm's online trading. Managing director Rod Duke said that up to March 24, just before the level 4 lockdown took effect, group sales had been 4.2 percent higher than the equivalent days a year earlier. The impact of the lockdown, which started at 11:59pm on March 25,  was "significant,” with sales for the quarter ended April 26 falling to $97 million, 35.6 percent lower than the $150.6 million achieved in the same period...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Artists could get resale royalties – but what about TradeMe?
Warren Feeney | Thu, 18 Aug 2022

Those in the art world are asking where TradeMe fits into the conversation as NZ starts to pay artists a percentage of the resale of their works.

Higher house prices not caused by build costs – Treasury
Brent Melville | Thu, 18 Aug 2022

Restricted land supply has been a prime driver of housing inflation, a new report says.

Precinct sees solid lease uplift, pays $8.3m in rent relief
Brent Melville | Thu, 18 Aug 2022

The listed property firm has seen its portfolio valuation climb by $400 million to $3.7 million.

In uncertain times, bricks and mortar hold steady

Can real estate provide a hedge against high inflation? Scott McKenzie, CEO of PMG Funds, talks about why tangible assets can be defensive and how PMG’s latest investment offer will help make the fund more resilient.

Communication the barrier to ‘human firewall’ technology

Communication is the barrier to New Zealand adopting the global Zero Trust cybersecurity strategy, says a new survey.