Despite significant cost of living increases impacting retail, Briscoes have posted a strong second quarter result.

Sales for the second quarter rose 3.5 percent to almost $192 million with homeware and sporting goods the strongest performers.

It's boosted their first half sales after a less than ideal first quarter, with first half sales up 2.7 percent to almost $370 million.

Chief Financial Officer at Briscoes Geoff Scowcroft joined Mike Hosking.

LISTEN ABOVE

Despite significant cost of living increases impacting retail, Briscoes have posted a strong second quarter result.
Sales for the second quarter rose 3.5 percent to almost $192 million with homeware and sporting goods the strongest performers.
It's boosted their first half sales after a less than ideal first quarter, with first half sales up 2.7 percent to almost $370 million.
Chief Financial Officer at Briscoes Geoff Scowcroft joined Mike Hosking.
LISTEN ABOVE

Open your mind to the world with New Zealand’s number one breakfast radio show.

Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.

The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more.

The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.

Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.

The sharpest voice and mind in the business, Mike drives strong opinion,...

The Mike Hosking Breakfast

Geoff Scowcroft: CFO at Briscoes on strong second quarter result despite cost of living impact on retail

A battle for front door delivery as Bunnings joins Uber Eats in Australia and New Zealand.  

More than 30 thousand tools, garden, and household items will be available on the delivery service sometime this year, claiming to be at your door within 60 minutes.  

Takeaways, groceries, and pharmacy items are among the products currently available 

Gorilla Technology Chief Executive Paul Spain told Mike Hosking it's a move to compete with Amazon. 

LISTEN ABOVE 

A battle for front door delivery as Bunnings joins Uber Eats in Australia and New Zealand. &nbsp;
More than 30 thousand tools, garden, and household items will be available on the delivery service sometime this year, claiming to be at your door within 60 minutes. &nbsp;
Takeaways, groceries, and pharmacy items are among the products currently available&nbsp;
Gorilla Technology Chief Executive Paul Spain told Mike Hosking it's a move to compete with Amazon.&nbsp;
LISTEN ABOVE&nbsp;

Paul Spain: Gorilla Technology CEO on Bunnings teaming up with Uber Eats

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/ed9ec2c7-93ca-4454-82b2-b3fa01439448/transcript

The Finance Minister says there's no mandate to reduce the state's shareholding in Genesis Energy. 

The Crown's directing $200 million towards new shares to retain a 51% shareholding in the company, following a $400 million capital raise.  

Nicola Willis told Mike Hosking if we don't take part in this raise, we'd be breaching the law requiring the state to maintain majority ownership – something the coalition's committed to.  

She says we don't want to be a barrier to these energy companies growing in the way New Zealanders need to secure electricity supply. 

LISTEN ABOVE 

The Finance Minister says there's no mandate to reduce the state's shareholding in Genesis Energy.&nbsp;
The Crown's directing $200 million towards new shares to retain a 51% shareholding in the company, following a $400 million capital raise. &nbsp;
Nicola Willis told Mike Hosking if we don't take part in this raise, we'd be breaching the law requiring the state to maintain majority ownership – something the coalition's committed to. &nbsp;
She says we don't want to be a barrier to these energy companies growing in the way New Zealanders need to secure electricity supply.&nbsp;
LISTEN ABOVE&nbsp;

Nicola Willis: Finance Minister on the Government buying $200 million in new Genesis shares

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/d5140a58-282e-4f1d-9b09-b3fa013f0b88/transcript

Signs of a turnaround in the retail sector as sales rise. 

Stats NZ data shows sales jumped by $239 million in December, compared to the September quarter – up nearly one percent. 

The growth was driven by pharmaceuticals and other store-based retailers, as well as electronic goods and hardware supplies. 

First Retail Group Managing Director Chris Wilkinson told Mike Hosking some of this is discretionary spending which is a great sign. 

He says potential interest rate rises could have an impact in future, but they're hoping the momentum will continue. 

LISTEN ABOVE 

Signs of a turnaround in the retail sector as sales rise.&nbsp;
Stats NZ data shows sales jumped by $239 million in December, compared to the September quarter – up nearly one percent.&nbsp;
The growth was driven by pharmaceuticals and other store-based retailers, as well as electronic goods and hardware supplies.&nbsp;
First Retail Group Managing Director Chris Wilkinson told Mike Hosking some of this is discretionary spending which is a great sign.&nbsp;
He says potential interest rate rises could have an impact in future, but they're hoping the momentum will continue.&nbsp;
LISTEN ABOVE&nbsp;

Chris Wilkinson: First Retail Group Managing Director on rising sales in the retail sector

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/8c80dfce-dddf-463f-b3de-b3fa0138dbfc/transcript

Geoff Scowcroft: CFO at Briscoes on strong second quarter result despite cost of living impact on retail

In 1 playlist(s)

The Mike Hosking Breakfast

Social links

Follow podcast

Recent clips