Cautious growth ahead for Hallenstein Glasson amid slowing of sales

Cautious growth ahead for Hallenstein Glasson amid slowing of sales
The post-pandemic rebound appears to be over for Hallenstein Glasson. (Image: Glassons)
Cécile Meier
Hallenstein Glasson Holdings came out strong after the pandemic with a 24.9% jump in net profits for its 2023 financial year, but sales for the first 19 weeks of the new financial year declined by 4.7%. Economic conditions and cost-of-living pressures were affecting consumer spending habits in Australia and New Zealand, board chair Warren Bell said at the group’s annual meeting in Christchurch on Tuesday. This, coupled with an unseasonably warm winter, made clearing winter products more challenging, he told shareholders.&nb...

More Retail

Michael Hill buffs up security as robbery costs climb
Retail

Michael Hill buffs up security as robbery costs climb

The jeweller has invested in new smash-proof assault glass and fog cannons.

Gregor Thompson 01 May 2024
Mighty Ape’s profits rise in quarterly update
Retail

Mighty Ape’s profits rise in quarterly update

 This growth came despite gross sales falling 9.2% to $30.4m.

Staff reporters 26 Apr 2024
Website duplication scams haunt NZ retailers
Retail

Website duplication scams haunt NZ retailers

Increasingly sophisticated obfuscation technology is making scams harder to resolve.

Gregor Thompson 22 Apr 2024
Menulog exits NZ
Retail

Menulog exits NZ

Online food delivery platform Menulog will discontinue its New Zealand operations in May.Parent company Just Eat Takeaway confirmed the decision today, saying: “New Zealand represents a small part of the Just Eat Takeaway.com business and its size is insufficient to maintain a he...

Staff reporters 16 Apr 2024