Hallenstein Glasson wary of margin squeeze in second half

Tue, 11 Dec 2018

By Paul McBeth Dec. 12 (BusinessDesk) - Hallenstein Glasson Holdings is wary of a margin squeeze in the second half of the year in what it describes as tough trading conditions in New Zealand and Australia. The clothing chain won't provide earnings guidance until after the all-important summer sales period but did offer a note of caution to shareholders at today's annual meeting in Christchurch. The shares fell to a 10-month low $4.20, down 3.5 percent, or 15 cents. The stock has slumped 25 percent since the end of November. "The out...

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