Briscoe scrapes up another record annual result

Briscoe scrapes up another record annual result
CEO Rod Duke is working to protect as much margin as possible. (Image: NZME)
Jenny Ruth
Briscoe Group lifted annual net profit marginally to a fresh record, although the gross profit margin eased a little, as managing director Rod Duke had warned.Briscoe runs the Briscoe’s homewares chain and the Rebel Sport chain.Net profit for the 12 months ended Jan 29 rose to $88.4 million from $87.9m the previous year, which had also been a record, while sales were up 5.6%, at $785.9m.“To produce results ahead of last year’s record benchmark is a significant achievement and reinforces the team’s ability to adapt quickl...

More Retail

Mainfreight to operate 29 Ikea ‘pick-up points’
Retail

Mainfreight to operate 29 Ikea ‘pick-up points’

Ikea will announce opening date on Thursday. 

Harvey Norman reports 'notable turnaround' in NZ
Retail

Harvey Norman reports 'notable turnaround' in NZ

Sales in NZ rose 1.6% to $1.05 billion.

Staff reporters 29 Aug 2025
‘Pretty big beat’: Hallenstein Glasson impresses
Retail

‘Pretty big beat’: Hallenstein Glasson impresses

Hallenstein Glasson’s profit range beat Forsyth Barr forecasts by 15%.

Gregor Thompson 29 Aug 2025
Woolworths NZ revenues hit $8.2b
Retail

Woolworths NZ revenues hit $8.2b

Woolworths has seen its NZ earnings grow to $8.29b.

Staff reporters 27 Aug 2025