Michael Hill increases 2013 sales 6.8 percent in challenging environment

By Tina Morrison
July 9 (BusinessDesk) – Michael Hill International, the jewellery chain that bears its founder’s name, increased sales 6.8 percent last year as it opened more stores in what the company said was a “challenging environment”.
Sales climbed to $541.5 million in the 12 months ended June 30, from $507.3 million a year earlier when sales rose at a 4.6 percent pace, the Brisbane-based retailer said in a statement. Sales at stores open more than 12 months edged up 0.4 percent to $492.7 million, compared with a 0.3 percent decline the...
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