Briscoe Group’s Rod Duke pins recovery hopes on lower interest rates

Rod Duke of Briscoe Group, which made an underlying profit of $68 million. (Image: NZME)

Wed, 12 Mar 2025

Briscoe Group managing director Rod Duke is hanging his hopes on lower interest rates flowing through to consumers in the second half of the year. After the retailer reported full-year earnings on Wednesday, Duke said he expected the first half of the 2025 financial year to be “no less difficult than last year was”. While the company didn’t disclose guidance, it offered some optimism for the second half, saying it expects to return to “a more normalised shape of profitability”.“I think the key eleme...

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