Michael Hill annual sales rise at fastest pace in 3 years

Tue, 08 Jul 2014

By Tina Morrison July 8 (BusinessDesk) - Michael Hill International, the jewellery chain that bears the name of its founder, increased sales 9.7 percent last year, the fastest pace in three years. Sales rose to A$482.8 million in the 12 months ended June 30, from A$440 million a year earlier, the Brisbane-based retailer said in a statement. Same-store sales rose 5 percent to A$433.9 million. The company relocated to Australia in 2008, transferring its intellectual property to an Australian subsidiary in a transaction that put its head...

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