Retail
Hefty pay rises accompany bigger profits at Briscoe
Briscoe kept all its staff on full wages through last year’s lockdown. (Image: Deposit Photos)
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...
Login to read
Try free for 10 days
Trustworthy, balanced journalism every day from our growing team of New Zealand business reporters and commentators, plus more in our weekend magazine section, The Life.
- Instant News Alerts based on keywords you choose or journalists you follow
- Our Daily Digest of all stories at 6am, midday or 6pm
- A custom library of your saved stories
- An industry-leading search engine
- Try for 10 days without paying and if you’re not convinced cancel with just two clicks.
Support quality New Zealand journalism by subscribing today.
Find out moreUse the information you’ve already given Google to create your subscription.
Not convinced yet?
Subscribe to our Daily News Update free newsletter.