Shop­pers shift on­line

The Dominion Post - - Business -

Hal­len­stein Broth­ers and Glas­sons shop­pers are tak­ing their busi­ness on­line. The group has re­ported to­tal sales for the six months to Fe­bru­ary of $122.9 mil­lion, up 9.4 per cent on the same pe­riod a year early. Profit was $9.2m, up al­most 35 per cent. Mar­gins in­creased as the com­pany made use of a bet­ter ex­change rate and cheaper prod­uct cost prices. Chair­man War­ren Bell said while Glas­sons saw strong sales growth in both coun­tries, Hal­len­stein Broth­ers and Storm saw a small de­cline in sales on the prior cor­re­spond­ing pe­riod. He said to­tal group sales for the first seven weeks of the 2017 win­ter sea­son were en­cour­ag­ing, up 5 per cent on last year. But it was on­line that re­sults re­ally shone. ‘‘Growth in sales from e-com­merce con­tin­ues to out­per­form bricks and mor­tar, with sales for the first seven weeks of the sea­son up 36 per cent,’’ Bell said. On­line sales were up 35 per cent for the six months.

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