Michael Hill to close at least nine stores as covid-19 bites

Michael Hill to close at least nine stores as covid-19 bites
Dan Brunskill
Michael Hill International will not reopen nine of its 300 stores when trading resumes after the covid-19 restriction measures are lifted.The company is set to progressively reopen stores in Australia, New Zealand and Canada this month after suspending all operations in late March.MichaelMichael Hill said it expects a continued impact on revenue and profitability, leading it to stagger the reopening of stores and to negotiate new rental agreements with landlords.Five stores in Australia, three in New Zealand, and one in Canada, will not re...

More Retail

Kitchen Things on brink, $16.6m owed: Administrators
Retail

Kitchen Things on brink, $16.6m owed: Administrators

The retailer made a $4.7m loss in the year to March 2025.

Gregor Thompson 18 Sep 2025
Life insurance market shrinks
Finance Risky Business

Life insurance market shrinks

Foreign firms dominate as affordability, tax and access barriers stymie growth.

Michael Neilson 18 Sep 2025
The quiet rise of ‘ghost brands’
Retail

The quiet rise of ‘ghost brands’

About 90% of the 80-odd Pita Pit stores now have virtual brands operating in them.

Gregor Thompson 17 Sep 2025
‘Unusual’ volume of CCCFA changes in focus
Finance

‘Unusual’ volume of CCCFA changes in focus

Select committee mulls proposed changes to CCCFA, to report recommendations Oct 20.

Andy Macdonald 16 Sep 2025