8 Feb 2012

Sales lifted by clothing retailer

9:14 pm on 8 February 2012

Hallenstein Glasson has lifted its half year profit forecast by a quarter, after strong sales over the Christmas and New Year period.

The company, which owns the Hallenstein, Glasson and Storm clothing chains, says it made sales of almost $109 million in the six months to the start of February, 8% more than in the same period a year earlier.

It now expects half year profit to be between $8.7 - $9 million - 25% higher than in the same period a year ago.

Chief executive Graeme Popplewell says the improved sales were achieved despite a difficult environment in both Australia and New Zealand.

Shares in Hallenstein Glasson rose 10 cents to $3.65 on Wednesday morning.