Michael Hill reports record Christmas

Michael Hill lost 2,381 of store trading days to covid closures. (Image: supplied)

Fri, 14 Jan 2022

Michael Hill International says sales were up 9.8% in the quarter ended Dec 26 despite considerable disruption to trading due to covid lockdowns.Covid restrictions resulted in it losing a combined total of 2,381 of store trading days, compared to just 1,551 in the prior quarter.Unlike The Warehouse, which saw its margins fall on higher costs, Michael Hill said it had grown margins by “200 to 300 basis points in all markets and channels”.The jewellery retailer said it now expects earnings in the 2022 half year to be between $49 milli...

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