1 00:00:00,080 --> 00:00:02,840 Speaker 1: New insight into the retail side of our economy. Briscoes, 2 00:00:03,279 --> 00:00:05,880 Speaker 1: one of the nation's shinier success stories, produces their Q 3 00:00:06,000 --> 00:00:09,760 Speaker 1: four results. Of course, broadly their Flat, which, given the circumstances, 4 00:00:09,800 --> 00:00:12,080 Speaker 1: as Andrew was suggesting earlier on the program, might actually 5 00:00:12,119 --> 00:00:14,640 Speaker 1: be a good news story. The group managing director is, 6 00:00:14,680 --> 00:00:16,400 Speaker 1: of course Rod Duke, who is with this Rod morning 7 00:00:16,400 --> 00:00:16,640 Speaker 1: to you. 8 00:00:17,440 --> 00:00:18,040 Speaker 2: Good morning, Mike. 9 00:00:18,079 --> 00:00:19,439 Speaker 1: Does Flat make you happy or not? 10 00:00:20,840 --> 00:00:23,440 Speaker 2: Yeah? I think that's pretty pretty good in the lot 11 00:00:23,480 --> 00:00:24,720 Speaker 2: of what's happening out there at the moment. 12 00:00:25,000 --> 00:00:27,360 Speaker 1: The number I like was the post COVID one you 13 00:00:27,400 --> 00:00:29,760 Speaker 1: talked about, and that was there's been a big, solid 14 00:00:29,800 --> 00:00:31,600 Speaker 1: bounce back, so that I mean a lot of industries 15 00:00:31,600 --> 00:00:33,600 Speaker 1: haven't come back since COVID you have. What do you 16 00:00:33,600 --> 00:00:34,239 Speaker 1: put that down to? 17 00:00:35,760 --> 00:00:38,760 Speaker 2: I think just the just the operating platform of've gone, 18 00:00:38,800 --> 00:00:40,720 Speaker 2: the way in which we go to market that proposes 19 00:00:40,920 --> 00:00:43,400 Speaker 2: the customers, you know, a real good product for a 20 00:00:43,440 --> 00:00:47,360 Speaker 2: good price, still continues to resonate in the in the suburbs. 21 00:00:47,720 --> 00:00:50,599 Speaker 1: And the Black Friday Boxing Day thing was in this 22 00:00:51,400 --> 00:00:53,960 Speaker 1: Is that a big deal? Is that like a game changer, 23 00:00:54,280 --> 00:00:57,080 Speaker 1: make or break day or not? Yeah? 24 00:00:57,120 --> 00:01:00,920 Speaker 2: Look at it probably is. Black Friday for us is 25 00:01:00,960 --> 00:01:04,320 Speaker 2: the biggest single day in our in our training year, 26 00:01:04,840 --> 00:01:07,200 Speaker 2: and the three or four days around are the biggest 27 00:01:08,680 --> 00:01:11,200 Speaker 2: three or four days, continuous days that we've got the 28 00:01:11,400 --> 00:01:13,800 Speaker 2: sort of superseded boxing day in these days. 29 00:01:13,959 --> 00:01:16,720 Speaker 1: Okay, home where one point seven or one point two 30 00:01:16,800 --> 00:01:20,600 Speaker 1: seven and sports at zero point four four? Is that 31 00:01:20,920 --> 00:01:23,520 Speaker 1: material or are they basically the same sort of thing? 32 00:01:24,520 --> 00:01:27,080 Speaker 2: It's the same. It's the same sort of thing. Look, 33 00:01:27,080 --> 00:01:30,119 Speaker 2: if we if we chose the best little harder with rebel, 34 00:01:30,920 --> 00:01:34,560 Speaker 2: then the number would have been a little greater, and 35 00:01:34,640 --> 00:01:36,520 Speaker 2: quite frankly, if we press a little harder, it wouldn't 36 00:01:36,520 --> 00:01:38,920 Speaker 2: have been nine point four, it would have been one 37 00:01:39,160 --> 00:01:42,720 Speaker 2: one point six in terms of sales results. 38 00:01:42,840 --> 00:01:45,200 Speaker 1: Okay, economists say the second half of this year will 39 00:01:45,240 --> 00:01:47,360 Speaker 1: be the better half of the year. Do you see 40 00:01:47,360 --> 00:01:47,800 Speaker 1: that or not? 41 00:01:48,640 --> 00:01:51,760 Speaker 2: Yeah, I'm budgeting that way as well. We think the 42 00:01:53,080 --> 00:01:59,920 Speaker 2: national government has surrounded a time to start to explore 43 00:02:00,040 --> 00:02:02,360 Speaker 2: some interesting things they might have up their sleeve, and 44 00:02:02,560 --> 00:02:05,320 Speaker 2: it's just about ready to go. And I think you're 45 00:02:05,320 --> 00:02:07,480 Speaker 2: thinking reelects, so they've probably got to go. Pretty sure. 46 00:02:07,720 --> 00:02:09,760 Speaker 1: I'm glad you said that, because a lot of people 47 00:02:09,800 --> 00:02:12,040 Speaker 1: are saying that I just don't know if they're getting 48 00:02:12,080 --> 00:02:14,000 Speaker 1: the message. And when I talk to luxon each week, 49 00:02:14,320 --> 00:02:18,360 Speaker 1: he's full of vim and vigor and intent, but there 50 00:02:18,400 --> 00:02:20,080 Speaker 1: aren't the runs on the board. Is that fair? 51 00:02:21,480 --> 00:02:23,920 Speaker 2: Yeah? I think so, and I think they will be 52 00:02:24,120 --> 00:02:28,200 Speaker 2: marked seriously if in fact, by say end of March, 53 00:02:29,120 --> 00:02:31,239 Speaker 2: well we don't see some serious initiatives. 54 00:02:31,639 --> 00:02:33,360 Speaker 1: Yeah, so they need to get on with it, and 55 00:02:33,400 --> 00:02:35,119 Speaker 1: they probably should have been the first place. What about 56 00:02:35,160 --> 00:02:36,560 Speaker 1: your hours and staff and all of that. Talk to 57 00:02:36,639 --> 00:02:38,560 Speaker 1: me about that because over the holidays I'm wandering around 58 00:02:38,560 --> 00:02:40,800 Speaker 1: with a lot of people closed in hospital and still 59 00:02:40,800 --> 00:02:43,120 Speaker 1: a lot of people moaning about they can't get can 60 00:02:43,160 --> 00:02:47,200 Speaker 1: you get staff and do you retain them? 61 00:02:47,400 --> 00:02:51,880 Speaker 2: This time of year typically with a lot of mums 62 00:02:52,000 --> 00:02:58,480 Speaker 2: and unique students filling in casual work for it given week, 63 00:02:58,520 --> 00:03:03,160 Speaker 2: but stop takes ended year and big sales events. Yeah, 64 00:03:03,160 --> 00:03:07,000 Speaker 2: we found it difficult to get to get start pre Christmas, 65 00:03:08,560 --> 00:03:12,000 Speaker 2: but we managed to. We managed to fill up. But 66 00:03:12,000 --> 00:03:13,480 Speaker 2: it is a it is a It is a tough 67 00:03:13,520 --> 00:03:15,400 Speaker 2: market in terms of getting the right people. 68 00:03:15,280 --> 00:03:17,240 Speaker 1: Even though you know so the right people is the key. 69 00:03:17,280 --> 00:03:19,200 Speaker 1: I take it is that just a thing? Is that 70 00:03:19,320 --> 00:03:21,440 Speaker 1: just the way things are, or is something wrong. 71 00:03:22,760 --> 00:03:25,000 Speaker 2: Now it's been like that. I guess for a couple 72 00:03:25,000 --> 00:03:27,920 Speaker 2: of years we went through a period, if you recall, 73 00:03:28,560 --> 00:03:31,800 Speaker 2: a very very low unemployment and so that was that 74 00:03:31,919 --> 00:03:34,680 Speaker 2: was even more difficult. You could get heads, but perhaps 75 00:03:34,760 --> 00:03:40,160 Speaker 2: not the right ones. But now it just continues to 76 00:03:40,200 --> 00:03:42,720 Speaker 2: be difficult, and I think even came forward it's to 77 00:03:42,760 --> 00:03:43,440 Speaker 2: be quite difficult. 78 00:03:43,720 --> 00:03:45,280 Speaker 1: It's good to talk to you. Rod. Appreciated very much. 79 00:03:45,320 --> 00:03:47,360 Speaker 1: Rod Duke Briscoe's group managing directory. 80 00:03:47,760 --> 00:03:50,640 Speaker 2: For more from the Mic Asking Breakfast, listen live to 81 00:03:50,760 --> 00:03:53,840 Speaker 2: news talks. It'd be from six am weekdays, or follow 82 00:03:53,880 --> 00:03:55,400 Speaker 2: the podcast on iHeartRadio