Hefty pay rises accompany bigger profits at Briscoe

Briscoe kept all its staff on full wages through last year’s lockdown. (Image: Deposit Photos)

Tue, 14 Sep 2021

Retailer Briscoe Group hiked its wages and will pay a bigger dividend after fattening its first-half profit.The operator of the Briscoes and Rebel Sports chains has lifted its hourly wage 6.4% since May, outpacing the 4% annual pace of wage growth in the June quarter, as it fights to attract and retain staff.Briscoe kept all its staff on full wages through last year’s lockdown and didn’t shutter any stores, but was shamed for not immediately repaying the government wage subsidy when its rapid return to profitability was accompanied...

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