Briscoe Group reports lift in 1H sales despite headwinds

Sun, 04 Aug 2019

By Rebecca Howard Aug. 5 (BusinessDesk) - Briscoe Group continues to shrug off headwinds in the retail sector, reporting a lift in first half sales but noted net profit would be hit by a $1.2 million adjustment as a result of the way leases are treated in the new accounting standard. The homewares and sporting goods retailer reported sales of $303 million in the 26 weeks ended July. 28, up 3.3 percent on the previous first-half year. The Group’s homeware segment increased sales by 2.6 percent during this period and the sporting goods s...

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