Briscoe increases 1Q sales by 4.3%, says profit tracking ahead of last year

Tue, 05 May 2015

By Tina Morrison May 6 (BusinessDesk) - Briscoe Group increased first-quarter sales and margins across its homeware and sporting goods retail chains and said profit is tracking ahead of the same period last year in a "highly competitive" market with "relentless promotional activity". Sales rose 4.3 percent to $119.8 million in the first quarter ended April 26, Auckland-based Briscoe said in a statement. Excluding the opening of two new Rebel Sport stores in Paraparaumu in December and Christchurch in March, sales rose 3.4 percent, it said...

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