Originally Posted by
JeremyALD
For me this is one of the strongest announcements of the year across the NZX. Apparel is a hugely challenged industry with stores struggling for profitability. Most are seeing declining revenue and or margins, just take a look at Myer. It also seems Barker's is struggling too. The industry has more online players and retail players than ever before.
In this market Hallensteins have grown sales by 15% this year, and remember this is against last year's very strong first half year.
I'm really impressed with their approach and how they focus on digital channels and store based experience. Seriously good work.