Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Glassons splits CEO role in two after Humphries' departure

Glassons splits CEO role in two after Di Humphries' departure


By Sophie Boot

Oct. 6 (BusinessDesk) - Glassons, the women's wear brand owned by Hallenstein Glasson Holdings, has split its chief executive role into two after the departure of Di Humphries, replacing her with separate New Zealand and Australian heads as it seeks to establish itself further across the Tasman.

Humphries left the company at the end of September, after almost a year-and-a-half back at the clothing chain, having returned the Glassons women's wear brand back to profitability. She had run Glassons before being poached by Pumpkin Patch in 2012. Hallenstein Glasson boosted sales 7 percent and profit by 25 percent in the year ended Aug. 1, bouncing back from 2016 when the struggling women's wear division and a margin squeeze from increasingly expensive imports sapped earnings.

In a statement, the company said it had reviewed the Glassons leadership structure and "for the next stage of our journey" has appointed April Pokaia as CEO of Glassons New Zealand and James Glasson as CEO of Glassons Australia. The two will report to the group chief executive Mark Goddard.

Pokaia, who worked for Glassons for 13 years before moving to work as Cotton On's brand manager in 2016, will take up the role from Dec. 1, while Glasson, the general manager of Glassons Australia, will take up the role immediately.

In the last financial year, Glassons sales in New Zealand rose 7.2 percent to $89.5 million while Australian sales gained 22 percent to $50 million. It has plans to open two new stores in Australia including one in Melbourne's CBD in the current year. Online sales grew 44 percent in the year, much faster than brick and mortar stores, and now account for 9 percent of total turnover.

The shares last traded at $3.34, and have gained 9.5 percent this year.

(BusinessDesk)

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Stats NZ: Consents For New Homes At All-Time High

A record 41,028 new homes have been consented in the year ended March 2021, Stats NZ said today. The previous record for the annual number of new homes consented was 40,025 in the year ended February 1974. “Within 10 years the number of new homes ... More>>

Stats NZ: Unemployment Declines As Underutilisation Rises

The seasonally adjusted unemployment rate decreased to 4.7 percent in the March 2021 quarter, continuing to fall from its recent peak of 5.2 percent in the September 2020 quarter but remaining high compared with recent years, Stats NZ said today. ... More>>

ALSO:

Digitl: The Story Behind Vodafone’s FibreX Court Ruling

Vodafone’s FibreX service was in the news this week. What is the story behind the Fair Trading Act court case? More>>

Reserve Bank: Concerned About New Zealand's Rising House Prices

New Zealand house prices have risen significantly in the past 12 months. This has raised concerns at the Reserve Bank of New Zealand – Te Putea Matua about the risk this poses to financial stability. Central banks responded swiftly to the global ... More>>

Westpac: Announces Strong Financial Result

Westpac New Zealand (Westpac NZ) [i] says a strong half-year financial result has been driven by better than expected economic conditions. Chief Executive David McLean said while the global COVID-19 pandemic was far from over, the financial effect on ... More>>

MYOB: SME Confidence In Economic Performance Still Cautious

New insights from the annual MYOB Business Monitor have shown the SME sector is still cautious about the potential for further economic recovery, with two-in-five (41%) expecting the New Zealand economy to decline this year. The latest research ... More>>