Hallenstein Glasson says first-half profit rose about 63%, beating earlier guidance

Thu, 15 Feb 2018

By Rebecca Howard Feb. 16 (BusinessDesk) - Hallenstein Glasson Holdings says first-half profit rose about 63 percent on a strong rise in sales and improving gross margin. The clothing retailer said total group sales for the six months ended Feb 1 were $146.8 million, an increase of 19.4 percent over the prior corresponding period. Gross margin for the period was approximately 3.5 percentage points up on the prior year which was achieved through strong sales performance, improved buying strategy and reduced promotional activity and discou...

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