Market Update – Sydney Store Closures
1
12 JULY 2021
MARKET UPDATE – SYDNEY STORE CLOSURES
Hallenstein Glasson Holdings Ltd advises that the Government in New South Wales announced stronger
restrictions in Sydney over the weekend therefore the Group decided to close 13 Glassons stores in the Sydney
area from Sunday 11 July, to ensure the safety of our staff and customers. The stores will remain closed until
the lockdown is lifted which is currently planned for 16 July 2021. As we have witnessed in previous lockdowns a
shift to online sales has protected the Company from any significant sales impact. All other stores in Australia,
including the web, will continue to trade as normal. New Zealand stores are not affected.
The Group will continue to follow advice and monitor the situation closely to ensure an agile approach is taken
to reduce any adverse impact on trading and to protect our team and customers.
Stuart Duncan
Group CEO
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
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