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.
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.
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