Hallenstein margin erosion continued in first 16 weeks of year, as sales rose 3.1%

Tue, 24 Nov 2015

By Jonathan Underhill Nov. 25 (BusinessDesk) - Hallenstein Glasson Holdings, the clothing retailer, said margins continued to erode in the first 16 weeks of the year in the face of "intense competition" and the impact of weaker Australian and New Zealand dollars. In a trading update, the Auckland-based retailer said sales rose 3.1 percent in the 16 weeks ended Nov. 22. Still, as noted with the company's annual results in September, "intense competition has meant sales have been achieved at the expense of margin compared to the same perio...

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