Photo: RNZHomewares and sporting goods retailer Briscoe Group has posted a healthy $73.2 million profit despite facing ongoing disruption from the coronavirus pandemic. The group's net profit after tax increased by 17 per cent in the 12 months to January, and its revenue increased by 7.5 per cent in the period to $701.8m. Its online sales in the period increased by almost 80 per cent and now account for 18.9 per cent of total group sales. Group managing director Rod Duke was particularly pleased about the result, given that it came amid the disruptions caused by Covid-19. "Navigating the twists and turns encountered this year really has been like riding a retail roller-coaster," he said.

Source: Otago Daily Times March 16, 2021 00:11 UTC