Hallenstein sales up ahead of key Christmas period

Wed, 04 Dec 2019

Hallenstein Glasson Holdings said its clothing retail chains had traded strongly ahead of Christmas, with sales up by 7.1 percent on the corresponding period. However, despite the increased sales for the 16 weeks to Dec. 1, the retailer's margins remained under pressure, it said. As noted in September, weaker New Zealand and Australian dollars increased the cost of imports and added to the tighter margins, the company said. The retailer described the recent weakness in the greenback, which has fallen against both trans-Tasman currenci...

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