Originally Posted by
Greekwatchdog
Here you go..
Future Outlook
Following the latest COVID-19 lockdown in Auckland, thirteen Hallenstein Brothers stores and twelve
Glassons stores were closed during August 2020 and the eleven Glassons stores in Victoria Australia were
also closed from July 2020 to November 2020 in line with Victorian State Government guidelines. All
these stores have now reopened and are trading again with a strong focus on the peak Christmas season.
Despite these latest store closure disruptions, the HGH group business continues to trade ahead of last
year.
The 18 weeks of the new financial year have seen Group sales grow +14.51% on the same period of the
prior year. This has been driven predominantly by strong online sales as physical store sales growth has
been harder to achieve, particularly in CBD locations. Challenges with offshore shipping delays and
increased freight costs continue. Whilst we have a strong start to the new summer season the Company
continues to be cautious in regard to the future impacts of COVID-19 on customer confidence and
spending patterns in the lead up to Christmas. The pre and post-Christmas trading periods are such key
trading periods fo