Michael Hill FY same-store sales edge up 0.3%

Tue, 10 Jul 2012

By Hannah Lynch July 10 (BusinessDesk) - Michael Hill International, the listed jewellery chain, said full-year same-store sales edged up 0.3 percent as revenue in its largest market of Australia continuing to shrink. Same-store sales, which measures outlets open at least 12 months, fell to $473 million in the 12 months ended June 30, from $487.9 million a year earlier, the company said in a statement. Total sales rose 4.6 percent to $510 million. "While the past 12 months has had its challenges, especially in our largest market in Australi...

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