Briscoe's homeware stores accounted for most of the increase. Photo / File
Briscoe Group managed to fatten its gross margin and boost sales in the third quarter, despite the highly competitive retail environment.
The homeware and sporting goods retailer reported sales of $132.8 million in the 13 weeks ended October 28, up 2.6 per cent from $129.4m a year earlier. On a
same-store basis, sales were 1.4 per cent higher.
Briscoe's homeware stores accounted for most of the increase, up 3.3 per cent to $84m, with its Rebel Sports sales increasing 1.5 per cent to $48.1m.
"The group has delivered satisfactory sales growth during this third quarter as well as increasing gross profit margin percentage in a highly competitive retail market," managing director Rod Duke said.
"We certainly do not underestimate the obvious effects we're seeing on the market from higher fuel prices and subdued consumer confidence."