Latest news with #Briscoes
Otago Daily Times
10-07-2025
- Lifestyle
- Otago Daily Times
The colourful secret to warming your home this winter
Redecorate your space with Resene's most fashionable seasonal shades, and pile on the texture. When all the leaves are brown and the sky is grey, your best asset is a home that wraps you in a warm embrace in the form of cocooning colours, comfortable furnishings and touchable textures. Just as you pull on a jacket and scarf when the temperature dips, rebooting your home for winter is as simple as adding layers to your décor. Stuff and things Now's the time to rescue your blankets and throws from storage, taking them from their summertime slumber to snuggle-ready in living rooms and bedrooms. Update your cushion covers or add a couple of seasonal newbies to the mix, opting for rich tones and textures like velvet and wool. You could swap airy summer-weight curtains for heavier fabrics such as linen, make hard floors more inviting with the addition of rugs, and switch light cotton bedding for saturated colour combinations and heavier materials. Available at Briscoes nationwide, the Resene Living range is designed to complement your paint and includes duvet covers, cushions and towels that are perfect for this purpose. Warm your heart Christchurch interior designer Becky Lee of Becky Lee Interiors says the change of season also often sparks in her a desire to pick up a paintbrush and redecorate. 'Paint is easy to change, so don't be afraid to take the plunge and try something new.' The experts at your local Resene ColorShop are here to help, and Becky says she's drawn to brick tones such as henna red Resene Burnt Sienna and colonial Resene Red Oxide. 'These colours are fabulous for a living space, dining room, moody bedroom or powder room teamed with warm metallic accents in brass, bronze, copper or gold. I also love these tones combined with other earthy colours – check out mustard brown Resene Korma and cardamom bronze Resene Horses Neck for inspiration.' Neutral gear Being a fan of neutral colours doesn't preclude a chilly season revamp. Becky suggests bringing depth to your walls with a grey-brown such as Resene Half Mondo or green-tinged Resene Masala. 'These provide a wonderful backdrop for showcasing antique timber furniture, baskets and artisan crafts made using natural fibres like jute and rattan. These complex neutrals are also versatile for lovers of brighter, more playful colours as they look amazing as a backdrop for a gallery wall with lots of colourful mismatched frames and bold artworks.' Grey is a wonderfully enveloping neutral for a wintery scheme and totally on trend. Get chic with it by layering it from ceiling to skirtings, combining several tonal shades like warm pebblestone Resene Kensington Grey, warm carbon Resene Gunsmoke and warm ash Resene Quarter Gravel, for instance, to create an all-consuming effect that can be offset with furnishings in blush pink and taupe such as Resene Tuft Bush and Resene Alpaca, teamed with white or cream like Resene Quarter Rice Cake or Resene Blanc. Paper trail Becky has stellar advice for layering up your spaces with colour. 'Identify a starting point – an artwork, a favourite cushion, an inherited piece or wallpaper. Using the latter as an example, choose two to three colours that appear in the wallpaper, then consider the variations – shades, tints and tones – of those that can be safely added to the space. If your wallpaper is strongly patterned, such as with a large-scale floral, as you layer up the space, you can add more pattern with cushions, drapes and the like, but look for patterns of different scales that won't compete with your walls, yet are still connected to your colour palette. Prints in the same style or that feature the same shapes can also form that common thread.' If patterned wallpaper isn't 'you', cosy choices for colour-blocked winter wallpaper include the tactile options in the Resene Wallpaper Collection. If you can't find a wallpaper in just the right colour, choose from the Resene Anaglypta Wallpaper Collection then paint in your favourite Resene colour to suit your room's colour palette. Another key to layering successfully is to think about what each item in a room is connected to and create contrast between them. Take that patterned wallpaper, for instance, says Becky, 'The sofa pushed up against this wall will look best in a plain fabric, then you might like the cushions on the sofa to be patterned. Most carpet is plain, so consider putting a pattered or textural rug on top of it. Of course, there are all sorts of scenarios where these 'rules' don't apply, such as colour blocking and clever maximalist design, but these are foolproof tips for beginners.' Top tips: Rather than impulse buying low-cost items for your update that may not last the distance, invest in a few quality ones you'll enjoy for years to come. Support local makers and artists and look for vintage pieces with extra character. These can be inexpensively spruced up with Resene testpots, which are just the right size for satisfying weekend paint projects such as revamping timber furniture. Timber can also be revitalised with Resene Colorwood wood stains, or use Resene Colorwood Whitewash for a French-antique effect. 'Winter means more time spent indoors, so it's a great time to reconfigure the layout of your spaces to encourage connection and relaxation,' says Becky. 'If you have a fireplace in your lounge, turn your seating to create a conversation zone facing the fire. Or perhaps there's a spot in your bedroom that gets beautiful winter sun – how about moving a seat there?' Lighting is crucial to creating a warm ambience. Choose weaker bulbs for a lights-down-low vibe, use lamps rather than overhead lighting, and bring candles into the mix as well – all the better if they're scent For more paint and wallpaper ideas and inspiration, visit your local Resene ColorShop. See the Resene website, for a huge range of step by step projects for you to try out at your place.
1News
22-06-2025
- Business
- 1News
What is going on with Briscoes shares?
Briscoes shares have had a boost in recent days, ahead of the company moving into the top 50 stocks on the NZX share market tomorrow. Falling share prices pushed The Warehouse out of the NZX50, and Briscoes will take its place. That means that passive managed funds that benchmark their funds to the NZX50 will snap up stocks in the company too. Its share price has lifted from less than $5 at the start of the month to $6.19 on Thursday. Greg Smith, head of retail at Devon Funds, said there had been a lot of pre-buying ahead of Briscoes moving up on Monday morning. He said that meant the bump in share price was unlikely to be so significant. ADVERTISEMENT "Going into the 50 means it is a lot more relevant to institutional managers although with Rod Duke owning nearly 80% of the stock, getting liquidity will be an issue." Greg Bunkall, data director at Morningstar, said the number of passive funds benchmarked to the NZX50 would not be large. "Maybe 10 or so share classes, both traditional managed funds and ETFs. "There may also be some of the ESG tilted options, which, depending on the screen might be impacted - then there is also the multi asset funds which have the index fund as a part of the overall portfolio." 'Self-cleansing mechanism' Dean Anderson, founder of Kernel KiwiSaver, said it was relatively unusual for stocks to move in and out of the top 50. "Every quarter, major benchmarks like the S&P/NZX 50 undergo a rebalance, testing each company's eligibility for the index and where underperforming companies can be dropped and stronger ones added. ADVERTISEMENT "This self-cleansing mechanism ensures indices stay relevant-poor performers are replaced by those that have grown in value, often overtaking the bottom-ranked company in the index. "In a small market like New Zealand, though, such changes are rare, often one or two changes in a year, making them all the more noteworthy when they happen, with the last change to the S&P/NZX 50 index rebalance occurred in December 2023." He said the Briscoes share price had already lifted 28% since it was announced it was going into the top 50. Some investors had sold shares in The Warehouse. "Globally, this isn't unusual. Studies show that stocks added to major indices like the S&P 500 often see short-term price spikes of 3% to 8% in the days leading up to inclusion, driven by speculative buying and index fund rebalancing. "However, the scale in these spikes is falling and these gains frequently fade within weeks as the initial hype subsides - which can leave some speculative investors out of pocket." He said some active manager might be trying to game the rebalance by betting on short term movements but the risks could outweigh the rewards. Sam Stubbs, founder of Simplicity KiwiSaver, said his funds were benchmarked against the top 30. He said beyond the top 30, it could be hard to buy and sell shares. He said Briscoes' presence in the index was likely to be weighted so that only 20% of the company's value was reflected because of Duke's significant holding.
RNZ News
21-06-2025
- Business
- RNZ News
What's going on with Briscoes shares?
Photo: RNZ / Simon Rogers Briscoes shares have had a boost in recent days, ahead of the company moving into the top 50 stocks on the NZX share market on Monday. Falling share prices pushed The Warehouse out of the NZX50, and Briscoes will take its place. That means that passive managed funds that benchmark their funds to the NZX50 will snap up stocks in the company too. Its share price has lifted from less than $5 at the start of the month to $6.19 on Thursday. Greg Smith, head of retail at Devon Funds, said there had been a lot of pre-buying ahead of Briscoes moving up on Monday morning. He said that meant the bump in share price was unlikely to be so significant. "Going into the 50 means it is a lot more relevant to institutional managers although with Rod Duke owning nearly 80 percent of the stock, getting liquidity will be an issue." Greg Bunkall, data director at Morningstar, said the number of passive funds benchmarked to the NZX50 would not be large. "Maybe 10 or so share classes, both traditional managed funds and ETFs. There may also be some of the ESG tilted options which depending on the screen might be impacted - then there is also the multi asset funds which have the index fund as a part of the overall portfolio." Dean Anderson, founder of Kernel KiwiSaver, said it was relatively unusual for stocks to move in and out of the top 50. "Every quarter, major benchmarks like the S&P/NZX 50 undergo a rebalance, testing each company's eligibility for the index and where underperforming companies can be dropped and stronger ones added. "This self-cleansing mechanism ensures indices stay relevant-poor performers are replaced by those that have grown in value, often overtaking the bottom-ranked company in the index. "In a small market like New Zealand, though, such changes are rare, often one or two changes in a year, making them all the more noteworthy when they happen, with the last change to the S&P/NZX 50 index rebalance occurred in December 2023." He said the Briscoes share price had already lifted 28 percent since it was announced it was going into the top 50. Some investors had sold shares in The Warehouse. "Globally, this isn't unusual. Studies show that stocks added to major indices like the S&P 500 often see short-term price spikes of 3 percent to 8 percent in the days leading up to inclusion, driven by speculative buying and index fund rebalancing. "However, the scale in these spikes is falling and these gains frequently fade within weeks as the initial hype subsides - which can leave some speculative investors out of pocket." He said some active manager might be trying to game the rebalance by betting on short term movements but the risks could outweigh the rewards. Sam Stubbs, founder of Simplicity KiwiSaver, said his funds were benchmarked against the top 30. He said beyond the top 30, it could be hard to buy and sell shares. He said Briscoes' presence in the index was likely to be weighted so that only 20 percent of the company's value was reflected because of Duke's significant holding. Sign up for Ngā Pitopito Kōrero , a daily newsletter curated by our editors and delivered straight to your inbox every weekday.
Economic Times
15-06-2025
- Business
- Economic Times
Will NZ supermarkets start scanning your face? What shoppers need to know about Facial Recognition Technology
TIL Creatives Retailers claim this technology will reduce crime and protect staff, igniting a debate on surveillance and data rights. Supporters include Briscoes, Rebel Sport, Bunnings, Mitre 10, Michael Hill, Farmers, The Warehouse, Foodstuffs, Woolworths, and telcos One NZ and Spark. (Representative Image) Facial recognition technology (FRT) is gradually entering New Zealand's retail sector, with major retailers and telecommunications companies supporting its adoption. The shift comes after Foodstuffs' recent trial, which earned a "cautious tick" from the Office of the Privacy Commissioner. Major retail stores believe introducing this technology will reduce retail crime and protect staff from aggressive or repeat offenders. It has now sparked a national conversation about surveillance, ethics, and data rights vs. the stores' backing the use of FRT include Briscoes, Rebel Sport, Bunnings, Mitre 10, Michael Hill, Farmers, The Warehouse, Foodstuffs (both North and South Islands), Woolworths, and telcos One NZ and Spark. These businesses have signed a joint statement supporting the 'fair and accurate' use of the technology and pledged to develop best-practice guidelines before rolling it out more broadly across the country.'We recognise that technology must be used in a fair and accurate way. Guardrails are needed to support customers' privacy, and to guard against potential bias and discrimination.', the statement said. The systems work by capturing a photo of someone entering a store. Staff are alerted if the individual matches someone on a 'watchlist', typically for previous trespass notices or aggressive incidents. If not, the image is deleted immediately. Retailers insist this is not about tracking regular shoppers but deterring repeat offenders who pose risks to staff and customers. However, the Privacy Commissioner, Michael Webster, has clarified that this is not a 'green light' for the mass deployment of FRT. He warned that even a small misidentification rate can impact hundreds of people. For example, Foodstuffs North Island's trial estimated up to 900 false matches annually. He recommended raising the accuracy of facial matching algorithms from 90 per cent to at least 92.5 per cent and stressed the importance of local model training to reduce bias. He also called for robust privacy frameworks and community consultation. A Māori Reference Panel has voiced strong opposition. A Māori Reference Panel set up at the end of 2024 told the commissioner it opposed FRT's use in supermarkets, saying such technology affects the wider public, not just those on watchlists. Earlier this month, Justice Minister Paul Goldsmith said he expects officials to consider a centralised facial recognition system. While such a database could stop offenders from shifting stores, it would need heavy regulation and tight oversight. At the time, Retail NZ chief executive Carolyn Young said it was too early to comment on the centralised option, as the commissioner's evaluation was still being reviewed. Internationally, FRT is already in use. In Australia, Bunnings has faced legal challenges over applying facial scanning tech. In the United States, major chains like 7-Eleven, Rite Aid, and Home Depot have all tested similar systems, raising similar debates over ethics, consent, and now, FRT in New Zealand remains in the trial phase. But with big-name backing and ongoing public debate, its national rollout may be closer than many expect, depending on how regulators, technologists, and communities choose to weigh safety against privacy.
Scoop
07-05-2025
- Business
- Scoop
Briscoe 1st Quarter Sales
Press Release – Briscoes Despite the slower start to the winter season, inventory continues to be well controlled and finished the quarter lower across both segments when compared to the prior year. 1st Quarter Sales to 27 April 2025 The directors of Briscoe Group Limited (NZX/ASX code: BGP) announce that unaudited sales for the first trading quarter ended 27 April 2025 (91 days) were $178.3 million, being 2.58% lower than the $183.0 million achieved for the same quarter of last year. First quarter sales for the Group's homeware segment decreased by 4.66% to $103.6 million, while sporting goods sales increased by 0.47% to $74.7 million. Group Managing Director Rod Duke said, 'This first quarter has proved difficult as we continue to trade within a struggling retail environment. While we're disappointed not to have matched last year's Group first quarter sales, the closeness in timing of Easter and ANZAC Day wasn't ideal for maximising promotional activity and the warmer temperatures compared to last year also impacted sales of heating products. We estimate the negative impact on Briscoes Homeware in relation to heating related products to be more than $2 million compared to last year. 'For Rebel Sport to achieve sales growth is very pleasing with solid sales across most areas but particularly in the categories of women's apparel, supporters clothing and sporting equipment. 'As expected, margins remain under pressure, however after a challenging start to the year, we have seen recent recovery in gross profit margin. 'Despite the slower start to the winter season, inventory continues to be well controlled and finished the quarter lower across both segments when compared to the prior year. 'We anticipate New Zealand retail to remain highly challenging throughout the remainder of 2025 and as previously highlighted, continue to look to protect the level of profitability achieved last year. We are currently targeting first half net profit after tax (NPAT) of around $30 million and expect the Group to return to a more normalised profit shape for the full year with second half profit exceeding that achieved for the first half.'
