Negative headwinds knock Briscoe’s half-year net profit

Negative headwinds knock Briscoe’s half-year net profit
Managing director Rod Duke said there were “significant” supply chain cost increases. (Image: NZME)
Ella Somers
Briscoe Group’s half-year unaudited net profit fell 6.29% to $42.75 million as negative headwinds continued to blow against the retail giant’s efforts to escape the current negative economic environment, putting pressure on its gross margin.Even though the $42.75m net profit after tax (NPAT) for the half-year was down from the $45.62m the retailer saw in the last corresponding period, managing director Rod Duke said producing a net profit in the current economic environment was “very pleasing”. Chair...

More Retail

Card spending eases in November vs October
Retail

Card spending eases in November vs October

But there is cheer for the hospitality industry. 

ForBarr raises Hallenstein Glasson target price 20%
Retail

ForBarr raises Hallenstein Glasson target price 20%

The outlook in the golden country is golden, they say.

Gregor Thompson 11 Dec 2024
Supermarkets say ‘errors’ behind ComCom criminal charges
Retail

Supermarkets say ‘errors’ behind ComCom criminal charges

ComCom has filed criminal charges against Woolworths and two Foodstuffs supermarkets. 

Gregor Thompson 11 Dec 2024
NZSA opposes Hallensteins chair re-election
Retail

NZSA opposes Hallensteins chair re-election

Hallenstein Glasson chair Warren Bell was appointed to the board in 1986.

Gregor Thompson 10 Dec 2024