Michael Hill posts flat first quarter sales as Australian weakness weighs on growth

Thu, 09 Oct 2014

By Suze Metherell Oct. 10 (BusinessDesk) - Michael Hill International, the jewellery chain that bears the name of its founder, posted flat first quarter sales, as Australian sales declined in the less buoyant economic environment across the Tasman. Same store growth rose 0.3 percent in the three months ended Sept. 30 from the same period a year earlier to A$96.2 million, the Brisbane-based jeweller said in a statement. On an all store basis, sales rose 4 percent to A$101.7 million. On a same store basis Australian sales dropped 2 perc...

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