Hallenstein Glasson Holdings Limited

Overview

The present company was the vehicle for the merger of Hallensteins and Glassons retail chains in 1985. The company's stores cater for the medium priced-quality end of the market, and the group's property assets are principally occupied by Hallensteins and Glassons stores.

In June 2003, the company decided to withdraw its Hallensteins menswear chain from Australia and focus expansion on the Glassons womenswear chain.

In March 2004 it agreed to sell its HBKGirl outlets. In September 2007 the group's total stores stood at 111, including 25 in Australia.

In May 2008, HLG moved its Glassons buying team to Melbourne for the purposes of moving its `core function' to the `growth opportunities' that are present within the Australian market.

Performance

The following information was extracted from Hallenstein Glasson Holdings Limited's Full Year Report, released on 29 September 2026:

HALLENSTEIN GLASSON HOLDINGS LIMITED TRADING UPDATE FOR THE FULL YEAR ENDED 1 AUGUST 2026

RESULTS FOR FULL YEAR ENDED 1 AUGUST 2026

The Company advises that Group sales for the 12 months to 1 August 2026 were $563.0 million, an increase of 19.6% on the prior year ($470.7 million).

The Directors note the result has benefitted from a stronger Australian Dollar and on a constant currency basis, sales were up +15.6% on the prior year.

Gross margin at 61.7% was +240 basis points above the 59.3% realised in the prior year despite a continued challenging foreign exchange rate for inventory purchases, which was lower than the prior corresponding period. The improved margin reflects stronger sales at full price, and working closely with suppliers and freight forwarders to secure best possible rates.

The audited net profit before tax for the 12 months was $83.9 million, an increase of +43.8% on the prior corresponding period ($58.4 million).

Group audited net profit after tax was $59.2 million, an increase of +49.9% on the prior corresponding period ($39.5 million). The Group maintains a strong balance sheet and working capital position.