This outfit blames 'competitors' for its demise. Hallensteins only have a few stores in OZ so not their fault .....but heck what an opportunity for Hallensteins as Ed's customers have to go somewhere for their pants and shirts eh. Good news
I did note BGR's online sales were up an incredible 27%.
HLG have been growing their online sales well too over the past few years,so I look forward to seeing whether that momentum is continuing.
Pretty spectacular results in an otherwise troubled industry. Credits to their management and their believers.
Based on these numbers is HLG in my spreadsheets turning "green" again ... though just. The million dollar question is - are they able to continue growing in the next handful of years or is the reduced growthrate only an indication that we are reaching the (revenue and earnings) peak?
I don't know the answer and feel at this stage still quite comfortable that I sold out closer to the previous share price peak.
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"Prediction is very difficult, especially about the future" (Niels Bohr)
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