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Hallenstein Glassons Holdings is hoping to lift annual profit by more than 50 per cent.

New buying strategies, cost control and a favourable exchange rate led to profit increase.

The clothing retailer posted a 7 per cent increase in annual sales.

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Hallenstein Glasson chief executive Graeme Popplewell will step down from the day-to-day running of the clothing retailer at the end

A 16-year-old male was arrested in central Whangarei after he smashed the front window of a central city clothing business. Senior

At 2.30 this morning Aneeqah Jacobs got out of bed, showered, dressed, made breakfast and painstakingly applied her makeup.

Hallenstein's decline in full-year profit reflected a loss from its Glassons unit in Australia and weaker earnings.

Hallenstein Glasson Holdings said annual profit fell 22 percent to its lowest level in seven years due to weaker margins at its clothing chains.

Clothing retailer warned that a warm autumn is having an impact on sales in both Australia and New Zealand.

WATCH: A teenager says she was wrongly accused of shoplifting by a popular clothing chain and felt humiliated by the experience.

Hallenstein Glasson Holdings shares dropped after the clothing retailer said first-half profit fell about 20pc.

Hallenstein Glasson lifted is full-year dividend by 8.8 percent while reporting a 22 percent jump in profit but warned intense retail competition was eroding margins.

New Zealand consumer confidence rose for a second month in January as households grew more upbeat about the prospects for the future.

Sales at Hallenstein Glasson are tracking above last year after four months of trading and margins have improved, though the Christmas sales period remains critical, says chairman Warren Bell.

Retailers are hoping positive economic conditions will offset a blustery and wet start to the spring and summer period.

New Zealand women's clothing label Glassons has caused more outrage, this time with an ad featuring a woman riding a bull.

Women's clothing retailer Glassons is backtracking on its use of skinny mannequins, apologising to customers for the "unattainable depiction of women".

NZ shares were mixed yesterday as investors cast forward to next month's earnings season, and as regional markets mulled this week's Federal Reserve meeting.

New Zealand shares fell yesterday as the market joined a region-wide decline, and was paced by retailers after the Warehouse Group joined Hallenstein Glassons in issuing a profit warning.