Hallenstein Glasson trading strongly

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.