Digital sales represented 19% of group revenue for the year, up from 18% in the prior corresponding period, with online sales up 26.2%.<\/p>\n
The company reported a net profit of $59.1m, up 49.9% from $39.4m in 2025.<\/p>\n
Brand breakdown<\/p>\n
Glassons Australia continued its run as the group\u2019s standout performer, with sales up 29% year-on-year to $324.4m, including sales from new and refurbished stores.<\/p>\n
On a constant currency basis, Australian sales were up 21.4% on the prior corresponding period. <\/p>\n
The business posted a net profit of $30m, up 33.7% from $22.4m in 2025.<\/p>\n
Glassons\u2019 Australian store network reached 41 by year-end, with a new store opening in Burwood in New South Wales. <\/p>\n
Two more stores will be open in the region by the end of the calendar year.<\/p>\n
Construction of the group\u2019s purpose-built Sydney warehouse was completed during the year.<\/p>\n
The new warehouse, in leased premises, incorporates company-owned increased automation and additional capacity to support the Australian business. It commenced operations in the first week of the 2027 financial year.<\/p>\n
Glassons New Zealand <\/p>\n
Glassons New Zealand reported a similar boost, with sales up 11.5% to $124.8m and a net profit of $20.9m, up 55.4% year-on-year.<\/p>\n
During the year, the Hamilton Central store was refurbished and reopened in August, while the Porirua store was expanded and refurbished.<\/p>\n
The New Plymouth store was refurbished and reopened in September.<\/p>\n
On the men\u2019s apparel side, Hallensteins\u2019 total transtasman sales lifted 6.1% to $113.8m. <\/p>\n
On a constant currency basis, total Hallensteins sales were up 5.4% on the prior corresponding period.<\/p>\n
The business reported a net profit of $7.8m, up 137% from $3.3m in 2025. Improving profitability for the Hallensteins brand over the past year was a key goal for the business.<\/p>\n
During the year, the Hamilton Central and LynnMall were refurbished and reopened, with smaller upgrades completed at the St Lukes, New Plymouth and Albany stores. <\/p>\n
Since the financial year ended, the total number of Hallensteins stores in Australia grew to six.<\/p>\n
The group confirmed it would continue to assess the performance of the Australian store network and consider further expansion opportunities where appropriate. <\/p>\n
Outlook<\/p>\n
For the first eight weeks of the 2027 financial year, Hallenstein Glasson group sales were 18.4% ahead of the same period last year on a constant currency basis.<\/p>\n
Sales were up year-on-year across both brands, with the result reflecting the contribution from recently opened and refurbished stores.<\/p>\n
Hallenstein Glasson chairman Warren Bell said while trading to date had been ahead of the prior year, the period represented a relatively small part of the financial year and preceded the important holiday trading periods.<\/p>\n
\u201cThe rate of sales growth achieved in the opening weeks is not expected to continue at the same level through the remainder of the first half,\u201d Bell said.<\/p>\n
\u201cThe group continues to operate against an uncertain economic and geopolitical backdrop. Changes in consumer spending, foreign exchange rates, freight and logistics costs, and other operating costs may affect trading and profitability over the remainder of the financial year. <\/p>\n
\u201cThe group will continue to monitor these factors and respond as appropriate.\u201d<\/p>\n
The group\u2019s directors declared a final dividend of 40c per share to be paid on December 9, 2026, taking the full-year dividend to 69c per share.<\/p>\n
Apparel sales have struggled<\/a> over the past year according to Stats NZ, with the latest electronic card data from August 2026 showing sales down 2% compared to the same time last year on a seasonally adjusted basis.<\/p>\n