Michael Hill Dec qtr sales fall 1.3% despite Christmas boost

Tue, 15 Jan 2019

By Gavin Evans Jan. 16 (BusinessDesk) - Michael Hill International reported a 1.3 percent decline in December quarter sales, with only its Canadian business reporting improved sales in the key pre-Christmas period. The jeweller’s latest update shows that November and December sales from continuing operations increased 2.9 percent from a year earlier, and were up 1.3 percent on a same-store basis. But those gains were led by a 10.5 percent improvement in its Canadian sales – the firm’s second-largest market. Pre-Christmas sales in Austr...

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