Hal­len­stein Glas­son trad­ing strongly

Weekend Herald - - Fran O’sullivan -

Hal­len­stein Glas­son Hold­ings says its cloth­ing re­tail chains have traded strongly so far this sum­mer, with in­creased sales and mar­gins. Sales for the first 17 weeks of the new fi­nan­cial year, from Au­gust 2 to Novem­ber 30, were 15 per cent ahead of the same pe­riod last year, and gross mar­gin had im­proved, the Auck­land- based re­tailer said. “This is a pos­i­tive start to the sum­mer sea­son, how­ever De­cem­ber and Jan­uary months are the peak trad­ing pe­ri­ods and sig­nif­i­cant con­trib­u­tors to the full sea­son re­sult. It is there­fore dif­fi­cult at this stage to pre­dict the full sum­mer sea­son profit al­though based on cur­rent per­for­mance it will com­fort­ably ex­ceed the prior cor­re­spond­ing pe­riod,” said chief ex­ec­u­tive Mark God­dard.

Newspapers in English

Newspapers from New Zealand

© PressReader. All rights reserved.