Pandemic gloom fades away as Hallenstein Glassons sees net profit profit and sales boom

Pandemic gloom fades away as Hallenstein Glassons sees net profit profit and sales boom
(Image: Supplied)
Ella Somers
Group sales and net profit soared for Hallenstein Glassons Holdings as the retailer found its feet in a post-pandemic environment.Hallenstein Glassons Holdings saw group sales for the six months ended Feb 1 jump 30.9% to $223.2 million, up from $170.63m in the previous corresponding period. Net profit after tax on the other hand rose even higher and increased 74.8% to an unaudited $20.83m from the 2022 first-half results of $11.9m.Group chief executive Stuart Duncan said the retailer hadn’t been “materially” impacted by t...

More Retail

JB Hi-Fi NZ sales increase amid new stores roll-out
Retail

JB Hi-Fi NZ sales increase amid new stores roll-out

Total NZ sales grew 19.6% compared with the first quarter of last year.

Mitre 10 sees economy turning up
Retail

Mitre 10 sees economy turning up

But recovery will be 'no quick bounce', the CEO says.

Windcave offering Alipay+ payments option to merchants
Retail

Windcave offering Alipay+ payments option to merchants

The partnership will facilitate payments from 15 international providers.

Staff reporters 31 Oct 2024
Cat food brand fight: 'Meow, meow, meow, meow'
Retail

Cat food brand fight: 'Meow, meow, meow, meow'

US cat food brand with famous jingle accuses NZ rival of trademark breaches.

Oliver Lewis 31 Oct 2024