Retailer Briscoe Group says first quarter sales rose 7.4 percent from a year earlier to $96.8 million.On a same store basis, sales for the quarter to May 2 were 7.2 percent above the first quarter for last year.While the gross profit generated for the qu
Retailer Briscoe Group says first quarter sales rose 7.4 percent from a year earlier to $96.8 million.
On a same store basis, sales for the quarter to May 2 were 7.2 percent above the first quarter for last year.
While the gross profit generated for the quarter was ahead of last year, the gross margin percentage was slightly below that for the same quarter last year, reflecting the continued competitiveness across the retailing industry, the company said today.
Homeware sales rose 7.9 percent to $63.3m, while sporting goods sales were up 6.5 percent to $33.5m.
On a same store basis, homeware sales increased 7.6 percent for the quarter while sporting goods sales were 6.5 percent ahead of last year.
Group managing director Rod Duke said that while margins were under pressure through the period, strong sales growth had enabled group profit to track ahead of last year.
The group's operations include Briscoes Homeware, Living&Giving, Urban Loft, and Rebel Sport.
