Michael Hill 9-month sales rise 8.8 percent , led by Australia, New Zealand

Mon, 08 Apr 2013

April 9 (BusinessDesk) - Michael Hill International, the jewellery chain that bears its founder's name, said sales in the first nine months of the year rose 8.8 percent on revenue gains in its biggest markets of Australia and New Zealand. Sales climbed to $425 million in the nine months ended March 31, from $390.8 million a year earlier, the Brisbane-based retailer said in a statement. Same-store sales climbed 2.2 percent to $388 million. Shares of Michael Hill have gained 26 percent in the past 12 months, a period when retailers battled to...

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