Hallenstein Glasson Holdings are reporting another successful year with a big jump in online sales. The retailer has reported a profit growth of 26 percent in 2017. The company has said that online sales have grown 44 percent which represents a total of 9 percent of turnover. This growth is much greater than that of bricks and mortar stores.

Australia’s retail market is in a very tough stage however Glassons sales have still risen a respectable 22 percent to $50 million. They intend to open two more stores in Melbourne’s CBD to increase it’s presence in the Australian market.

Hallenstein Brothers has had a 1.9 percent increase in growth and this should improve with the opening of three more stores.

The company’s sales rose to an incredible $239 million dollars compared to $225 million dollars in the previous year.Net profit was $17.3 million compared to $13.7 million the previous year. This profit was within the guidance of $17 million to $17.5 million. Last year’s profit was inhibited by the fall in the New Zealand dollar making the cost of imports increase.

With this result, the company has set a 17 cent per share final dividend which is 0.5 cents up from last years dividend of 16.5 cents. This marks a full years dividend of 31.5 cents.

Save on your purchase from Hallenstein Brothers with a Hallenstein’s coupon here.

Alcohol consumption is becoming a bigger and bigger concern for government agencies and health care professionals in general. The social issue has seen the attention being placed on the trading practices of pubs and clubs over the past few years and many governments trying to tighten the reins of binge drinking.

Now the industry watchdog has decided to take a look at the problem of an excessive saturation of liquor stores in the community.This focus puts it directly up against industry giant Woolworths. Woolworths is obviously achieving a great return on it’s investment in liquor stores as the company opened up more liquor stores last year than it did supermarkets.

The concern that the watchdog is noticing is that consumers then to load up on alcohol before they head out for a night out effectively contributing to the same social issues caused by excessive consumers.

The retail outlets owned by Woolworths are BWS and Dan Murphys. Boozebud also has one of the most popular online stores for liquor. For a Liquorland coupon, visit this site.