Latest Fashion Retail News

Hallenstein Glasson delivered a sharp lift in FY2026 profit as sales, margins and Australian trading strengthened. The NZX-listed retailer also raised its full-year dividend to 69 cents per share, while warning that early FY2027 sales growth is unlikely to persist at the same pace.

Universal Store Holdings has announced the retirement of long-serving CEO Alice Barbery, with George Do stepping up as her successor from November 2026. Barbery will remain engaged as a Non-Executive Director and consultant, ensuring continuity amid leadership change.

Creditors of Mosaic Brands Limited and its associated companies have resolved to place the group into liquidation, marking a significant development in the retailer’s ongoing financial distress.

Mosaic Brands’ administrators have adjourned the second creditors’ meeting after no restructuring proposal was submitted, prolonging uncertainty over the retail group’s future.