Hallenstein Glasson annual profit jumps 58%; shares gain

Thu, 27 Sep 2018

By Tina Morrison Sept. 28 (BusinessDesk) - Hallenstein Glasson Holdings confirmed annual profit rose 58 percent as expected, and said sales at Glassons and Hallenstein Brothers clothing chains lifted 7.2 percent in the first eight weeks of this financial year as the retailer focuses on improving its buying, speed-to-market, customer service and expanding its network. Under the stewardship of new chief executive Mark Goddard, who took over in April last year, the retailer on April 30 this year sold its unprofitable Storm retail chain and i...

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