Briscoe Group says outlook uncertain

Tue, 17 Sep 2019

By Rebecca Howard Sept. 17 (BusinessDesk) - Briscoe Group said first-half profit was flat and the economic outlook for the second half remains uncertain given subdued business and consumer confidence, increased cost pressures and the lower New Zealand dollar. “All of which will make it difficult for retailers to maintain margins,” said managing director Rod Duke. Briscoe Group’s gross profit margin was 40.65 percent in the 26 weeks to July 28 versus 40.93 percent in the prior first-half. The decrease in gross margin percentage refle...

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