Hallenstein Glasson lifts profit 26% as online sales surge

Wed, 27 Sep 2017

By Sophie Boot Sept. 28 (BusinessDesk) - Hallenstein Glasson Holdings, the clothing retailer, lifted net profit 26 percent in the 2017 year as online sales continued to grow. Sales rose to $239 million in the 12 months ended Aug. 1, from $223.5 million a year earlier, the Auckland-based retailer said in a statement. Net profit was $17.3 million, ahead of $13.7 million the prior year, and within the $17 million to $17.5 million band it gave in August. The retailer's fortunes have improved after profit fell by a fifth last year as a decl...

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