Hallenstein may have to lower guidance if sales don’t improve, chairman Bell says

Wed, 11 Dec 2013

Dec. 12 (BusinessDesk) - Hallenstein Glasson Holdings, the clothing chain, may have to cut its profit guidance further if sales don’t improve in the summer season, chairman Warren Bell says. Last month the Auckland-based retailer cut its guidance for first-half profit to $8 million in the six months ending Feb. 1, 23 percent lower from a year earlier, and may have to trim it further if it can’t improve its sales through the summer season, Bell told shareholders at today’s annual meeting. “We are now at the ‘business end’ of the season and...

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