Hallenstein Glasson Australian expansion boosts sales in HY earnings

Glassons profits grew 18% in New Zealand. (Image: Alex Burton)

Fri, 28 Mar 2025

Hallenstein Glasson’s momentum across the Ditch is continuing as it eyes further expansion for both its brands. In its earnings report for the six months to Feb 1, disclosed to the NZX on Friday, the fashion retailer reported unaudited net profit after tax (npat) of $21.2 million, 0.3% up on the same period last year. Profits fell within the firm's narrow $21m to $21.3m guidance range provided in January. A 40-basis point contraction in gross margin offset a 7.7% sales increase to $240m. Group chief executive Chris...

Subscribe to BusinessDesk

Stay informed on business, government and financial developments across New Zealand.

Deeply researched, twice-edited and fact-checked news
Annual subscribers also receive a complimentary subscription to The Wall Street Journal
Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers

You can cancel anytime with two clicks, an email or a phone call.
Find out more.

We are serious about journalism.

Name {{ registerForm.errors.get('name') }}

Email address {{ registerForm.errors.get('email') }}

Phone Number {{ registerForm.errors.get('phone') }}

Job Title {{ registerForm.errors.get('title') }}

Password Minimum password length of 8 characters.
Require at least one upper and lowercase, numeric, and special character. {{ registerForm.errors.get('password') }}

Repeat password {{ registerForm.errors.get('password_confirmation') }}

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Credit Card

Cardholder's name

{{ __(plans[index].name) | capitalize }} {{ plans[index].attributes.old_price | currency }} {{ plans[index].price | currency }}

All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service

{{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

Markets Market Close

Infratil, Mainfreight hit by US news flow; NZX down 2.3%

The S&P/NZX 50 fell 2.33% to 11,836.69 points.

Gregor Thompson 22 Apr 2025

Markets

ACC slams CDL's new offer for Millennium & Copthorne shares

The shares lifted 27% on the revised offer.

Rebecca Howard 22 Apr 2025

ACC slams CDL's new offer for Millennium & Copthorne shares

Infrastructure

NZTA moves forward with Bay of Plenty highway

Bishop promises freight and housing perks from $3b roading project.

Oliver Lewis 22 Apr 2025

NZTA moves forward with Bay of Plenty highway

Sponsored

Bayleys Total Property Issue 3 out now

Backed by Bayleys’ national strength and global reach

Bayleys

Sponsored

Go beyond reporting zero emissions

Clean energy that helps businesses and communities thrive

Meridian Energy

More Retail

Retail

ComCom clears Woolworths ready-meal deal

The Commerce Commission granted clearance for Woolworths Group to acquire ready-meal manufacturer Beak & Johnston.Through facilities in New Zealand and Australia, Beak & Johnston (B&J) makes and supplies ready-to-eat meals under its brands to grocery retailers, wholesalers, and f...

Gregor Thompson 17 Apr 2025