Investors lukewarm about Briscoes Christmas miracle

Sun, 10 Feb 2019

By Nikki Mandow Feb. 11 (BusinessDesk) - Retailer Briscoe Group has delivered a solid fourth quarter performance, despite a tough pre-Christmas period for the sector. It's predicting another full-year of profit growth - which would make it the ninth in a row. But investors remain ho-hum about the stock. Briscoe Group, which owns the Briscoe's homewares and Rebel Sport chains and a minority stake in outdoor chain Kathmandu, reported a 5.8 percent rise in fourth quarter sales and same-store, or stores open 12 months or more, growth of 5....

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