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.
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.
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.”
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