https://www.nzherald.co.nz/business/...ectid=12341769
I don't have access behind the paywall but looks like an interesting article
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https://www.nzherald.co.nz/business/...ectid=12341769
I don't have access behind the paywall but looks like an interesting article
It said.... although sales down but Briscoe is well position. Mr Duke cancelled dividend n as well as his salary...all ex also reduced thier salary
With no debts n good cash as they did not buy in KMD...
Briscoe has high exposure to that. If people are going to spend a lot more time at home, they might want to upgrade their appliances and homewares.
Not to mention an increased focus from many people on health and fitness so Rebel Sport should benefit.
Wonder if this is Rod’s way of telling Nick from WHS he’s useless.
Go Rod ...good guy
http://nzx-prod-s7fsd7f98s.s3-websit...693/326839.pdf
Last quarter online sales at 23% even with the rush back into the shops: [ announcement ]
Baulked at topping up at $3.40 yesterday, not timing my buys to perfection, as usual ;)
Bloody amazing sales report
Essentially what lost through lock down has been caught up
With efficiencies etc etc no wonder profit going to be better than expected
Go Rod
There has been an unusual level of activity post lockdown in some retail business. My cmp has also been up 25-30%. Pent up demand? Retail therapy? Getting out and about? Reclaiming a sense of normality perhaps? Replacement of broken appliances during lockdown. Upgrading etc. Will be interesting to see how long lived it is eg; Over next 6-24 months. My current employment is in retail sector. Dont hold any stock.