Hallensteins

Strong New Zealand sales have buoyed Hallenstein Glasson Holdings Ltd's after-tax profit for the first half of its financial year, but current sales are being undermined by warmer-than-usual autumn weather.

Quarterly profit for high street retailer Hallensteins Glassons is up 7% as it heads into the crucial holiday sales period.

Transtasman main street clothing retailer Hallensteins Glassons has posted a boost in sales, market share, dividends and after-tax profit for its trading year to August, but remains cautious about retailing recovery for the year ahead.

Clothing retailer Hallenstein Glasson has delivered where its competitors are stumbling, booking increased revenue and a more than 25% profit boost for its half-year trading to February.

Hallenstein Brothers returned to its roots with the grand opening of its new store in Queenstown on Thursday, at the stroke of midnight.

A "flagship" outlet of men's clothing chain Hallensteins will open in Queenstown almost 150 years after founder and former mayor Bendix Hallenstein first opened a general store in the town.

Hallenstein Glasson faces a challenging future, as seven Christchurch stores remain closed since the February earthquake and volatile cotton prices are forcing the listed retailer to pay suppliers earlier.

A better product offering and a stronger New Zealand dollar helped clothing retailer Hallenstein Glasson lift its operating profit by nearly 60% in the year ended August 1.