Michael Hill warns full-year result under pressure due to tough Australian market

Wed, 08 Apr 2015

By Fiona Rotherham April 9 (BusinessDesk) - Michael Hill International, the listed jewellery retailer, says a drop in same store sales in its biggest market of Australia in the first nine months will put pressure on its full-year result. Australia continued to be a difficult market for the group, with same-store sales down 2.1 percent to A$220.8 million in the nine months ended March 31. On an all-store basis for Australia, sales were down 1 percent to A$229 million. Chairman Michael Hill said management was focused on correcting the d...

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