Hallenstein Glasson maintains sales momentum; beats annual earnings guidance

Fri, 27 Sep 2019

By Paul McBeth Sept. 27 (BusinessDesk) - Hallenstein Glasson Holdings sales accelerated in the first two months of the new financial year, having beaten its annual profit guidance on the strength of its Glassons womenswear chain. The clothing retailer said sales were up 7.2 percent in the first eight weeks of the 2020 financial year, with its Hallenstein Brothers menswear chain recovering from flat sales and a drop in profit, and as its Glassons chain reported steady growth. The company said net profit was $29 million in the year end...

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