Michael Hill full-year sales rise 6% on new store openings

Fri, 07 Jul 2017

By Jonathan Underhill July 7 (BusinessDesk) - Michael Hill International reported a 6 percent gain in full-year sales, reflecting a net increase in new stores. Canada was the jewellery retailer's stand-out market in the latest year. Sales rose to A$583 million in the 12 months ended June 30 from A$549.9 million a year earlier, the Brisbane-based retailer said in a statement. Opening new stores provided the biggest impetus to sales growth and same-store sales rose a more modest 1.5 percent. The retailer opened 13 of its Emma & Roe store...

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