The leading retailer Hallenstein Glasson has been performing very well despite uncertain conditions of the financial market.

The firm, which made a profit of $12.8 million for 2008, would beat the previous year’s profit figures if it continues to perform better during the Christmas and New Year season.

Warren Bell, the Chairman of Hallenstein Glasson, told that about 70 shareholders of the firm met in Christchurch today, discussing a series of measures to further add firm’s revenue and revamping its women clothing store in the city and in the entire Australia.

Chairman Warren Bell said, "We have been able to recover some of the margin we lost last year, but again have some way to go before getting back to levels of two years ago."

Almost all men's and women's Australasian clothing retailer had been reporting hefty sales since the beginning of August with sales figures ahead of previous year’s numbers. Christmas usually brings cheer for retailers as sale pick up during the season.

Boxing Day was the biggest sales day for the retailer and next couple of weeks after Boxing Day would be very crucial for the firm as they can significantly push results.

Hallenstein Glasson, being an importer, can make good advantage of high kiwi dollar against the US dollar according to the market analyst.