BGR - Briscoes Valuation

[winner69]

JD sports opening at Sylvia Park this month,

https://www.nzherald.co.nz/business/...EOU7A7BL3V3WQ/

Paywalled.

"It's another competitor, albeit they operate in a slightly different space. But we see them as a competitor and we'll be watching them carefully," said Rod Duke, managing director of Briscoe Group, which operates Rebel Sport.
Duke said there was enough space in the market for JD Sports but it will pose some competition to Rebel Sport.
"If we were all to operate in the exact same space there would not be enough space in the market," he said.

Love the lingo ‘experts’ / consultants use -



They deliver real retail theatre through immersive environments that include music, high energy salespeople, video and, in many stores overseas, conveyors that bring the shoes down from upper floor storage areas, Wilkinson said.

[clown]

I don't think this will have any impact on Rebel sports anytime soon. Out of all the sports stores I've visited, I seem to be drawn to those price busting deals that Rod puts out.

But hey, if customers are after that retail experience regardless of price, who am I to judge

Love the lingo ‘experts’ / consultants use -



They deliver real retail theatre through immersive environments that include music, high energy salespeople, video and, in many stores overseas, conveyors that bring the shoes down from upper floor storage areas, Wilkinson said.

[Snow Leopard]

Love the lingo ‘experts’ / consultants use -



They deliver real retail theatre through immersive environments that include music, high energy salespeople, video and, in many stores overseas, conveyors that bring the shoes down from upper floor storage areas, Wilkinson said.

Usuallly an attempt to hide the fact they have nothing worth saying.

It reminds me of a day eleven years ago - gosh was it that long ago? - when me, my boss & my boss''s boss had a meeting with some HR big wig and they rabbited on for....

[Wyoming]

Love the lingo ‘experts’ / consultants use -



They deliver real retail theatre through immersive environments that include music, high energy salespeople, video and, in many stores overseas, conveyors that bring the shoes down from upper floor storage areas, Wilkinson said.

Interesting especially "Music, high energy etc"
Just bought a handful of Briscoes and would have bought much more but didn't because of about 4 recent visits.
I admit as an ex retailer I am critical of many stores.
Briscoes and Rebel stores both well laid out, wide choice and staff able to direct where products were.
Only problem was the incessant loud music in both stores, exceptionally loud mindless crap which was loud enough to impinge on any discerning customers concentration on purchasing a product.
I have concerns on management that get basics so wrong. In the long run, turnover suffers. You want customers exposed to as much as your merchandise for as long as possible. The impulse buys are where a retailers real profit is.

[jg8512]

Interesting especially "Music, high energy etc"
Just bought a handful of Briscoes and would have bought much more but didn't because of about 4 recent visits.
I admit as an ex retailer I am critical of many stores.
Briscoes and Rebel stores both well laid out, wide choice and staff able to direct where products were.
Only problem was the incessant loud music in both stores, exceptionally loud mindless crap which was loud enough to impinge on any discerning customers concentration on purchasing a product.
I have concerns on management that get basics so wrong. In the long run, turnover suffers. You want customers exposed to as much as your merchandise for as long as possible. The impulse buys are where a retailers real profit is.

provocative post given BGP's outstanding retail track record in NZ!
in your opinion, which NZ retailers are better than Briscoes or Rebel.

[macduffy]

Only problem was the incessant loud music in both stores, exceptionally loud mindless crap which was loud enough to impinge on any discerning customers concentration on purchasing a product.

I wouldn't worry. Briscoes don't set out to attract the "discerning customer"!

Disc; Holding since the IPO.

[nztx]

Amazing the amount of run BGP SP has, with likely more to come ..

[emearg]

Amazing the amount of run BGP SP has, with likely more to come ..

You were right in my opinion. What is even more amazing is how the stock has been performing the last few days given level four. It's currently trading at $6.41. Why?

[SCOTTY]

You were right in my opinion. What is even more amazing is how the stock has been performing the last few days given level four. It's currently trading at $6.41. Why?

Their strong and growing online business powered by eStar

[bull....]

NZ retail sales data yesterday was very strong

Actual	Forecast	Previous

3.3%

2.4%

2.8%

WELLINGTON, Aug. 24 (Xinhua) -- New Zealand's total retail sales volume rose 3.3 percent in the June 2021 quarter, following a 2.8-percent rise in the March 2021 quarter, the country's statistics department Stats NZ said on Tuesday.
"Most retail industries saw increases in spending, with rises across all regions," Stats NZ said.

http://www.xinhuanet.com/english/asi...1310144998.htm