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  1. #141
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    Quote Originally Posted by macduffy View Post
    BGR expects to announce another good profit increase next month.

    http://www.nzherald.co.nz/business/n...ectid=11584101

    Despite Kathmandu's improved performance I'm quite happy that BGR didn't manage to get a bigger chunk of that company.

    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.

  2. #142
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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.
    SCOTTY

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  4. #144
    Speedy Az winner69's Avatar
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    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
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  5. #145
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    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
    Last edited by macduffy; 12-03-2016 at 11:53 AM.

  6. #146
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    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
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  7. #147
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    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.
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  8. #148
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    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.
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  9. #149
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    Quote Originally Posted by winner69 View Post
    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.
    Just another BGR record, winner! And the sort of management flair that Kathmandu could do with!


  10. #150
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    Quote Originally Posted by macduffy View Post
    Just another BGR record, winner! And the sort of management flair that Kathmandu could do with!

    You need to be born with that flair for retailing ...have it running through your veins

    Almost impossible to be picked up by going to Harvard (or any top management school)
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

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