A cooler Spring and Summer hasn't helped clothing retailers.
Hallenstein Glasson Holdings is pointing to cool summer weather for a 8.6 per cent fall in half year net profit after tax to $9.97 million.
The figure compared with $10.9 million for the previous corresponding period, and was made on sales up 0.6 per cent to $100.72 million.
The result, for the six months to February 1, reflected a particularly challenging summer season for apparel in both New Zealand and Australia, the company said today.
That was due to a cooler than usual summer, with more favourable weather only starting at the end of the season.
Sales in New Zealand were down 1.1 per cent to $85.9m, while in Australia they were up 4 per cent, although on a same store basis both countries saw declines of 7 per cent.
- NZPA
