I did sell a few BGR shares in the name of conservatism and 'portfolio re-balancing' but like you I am quite pleased about the KMD outcome.
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Yes a great result. As a SH in www.estaronline.com I was very pleased to see that their client the Briscoe group had grown online sales for the full year to 31st January 2016 by over 40% with Mr Duke expecting this strong online sales growth to continue.
https://www.nzx.com/companies/BGR/announcements/279052
Looks like a great result
I love the way that Rod sees the market
http://www.radionz.co.nz/national/pr...nditions-ahead
He seems comfortable where he is with home wares and sports stuff. Not much threat from big global players
Live his dig at Hallensteins (implied) but bet he hopes Kathmandu not in same boat
Rod duke doesn't see any competitive threat from offshore to the Rebel sports goods business but an article in the AFR this week quoted the CEO of Decathlon, the French based world's biggest sporting goods retailer, announcing its intention to open its first stores in Australia shortly, with the aim of 35-40 stores within 10 years. No mention of NZ there - yet.
http://www.afr.com/real-estate/frenc...0160307-gnd5sp
Economy is well and truly stuffed if you bother read those bank economists reports
But Briscoes sales are booming - up 11% on last year
https://www.nzx.com/companies/BGR/announcements/282091
Only the winners win in tough times
How tough, very tough says Rod but we don't let them get in the way of making more money -
“Our markets continue to be fiercely competitive with on-going economic challenges likely to be faced by ourselves and other importers and retailers from such factors as the depressed dairy sector, and the hedging of foreign exchange exposures at less-favourable rates than in recent years. At Briscoe Group we recognise such challenges and risk exposures and manage them as effectively and prudently as we can.
Stunning announcement today
An economy on fire and Briscoes capitalise on that big time - and on the latest sales data taking share from others
He a guru - that Rod. A man with retail in his blood - no need for a Harvard MBA or that sort of stuff.