Strong early sales for Hallenstein Glasson, but tariffs stall US expansion

The company fielded criticism over its remuneration disclosure. (Image: Hallenstein Glasson)

Wed, 10 Dec 2025

Hallenstein Glasson told its annual meeting that group sales have made a solid start to the new financial year, even as the retailer hit pause on its United States expansion because of the tariff environment and fielded criticism over its remuneration disclosure.The company reported a 13.8% increase in group sales for the first 18 weeks of the 2026 financial year at the AGM in Christchurch.The growth was mainly driven by the Australian market and the contribution from stores that were opened, increased in size, or refurbished in the previous fi...

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