Michael Hill stores announced that revenue increased by 3.9 per cent year on year to reach $227 million for the six months that ended on December 31. On a same-store basis, sales rose 0.8 per cent.
In Canada, Michael Hill sales jumped 18.5 per cent to $38 million (or $44.9 million CAD) while in Australia, the retailer’s largest market, sales fell 0.7 per cent to $137 million.
In New Zealand, revenues jumped by 3.8 per cent to $50 million and reached $6 million in the U.S. CJ
Author: Canadian Jeweller Magazine Staff
Canadian Jeweller Magazine Staff is the shared byline for reporting filed by the magazine's editorial desk. Founded in 1879, Canadian Jeweller is the longest running jewellery business publication in Canada, covering market reporting, retail strategy, watches, diamonds, coloured gemstones and the commerce of the Canadian jewellery trade. Work published under this byline is edited and verified by the Canadian Jeweller editorial team in Toronto.
