RapNet


Rapaport News

 

Retail

 
Rapaport Broadcast
Martin Rapaport’s Webinar on Estate Jewelry
October 30 2019

Advanced search
Latest Articles
Videos
Features
News
Mining
Rough Markets
Polished Markets
Manufacturing
Retail

Michael Hill's Sales +5% in First Three Quarters

Australian retail market still sluggish.
Apr 15, 2012 4:57 AM   By Avi Krawitz
Print Print Facebook Facebook Twitter Twitter Share Share
RAPAPORT... Michael Hill reported that group sales rose 5 percent year on year to $322.3 million (NZD ‎‎391.4 million) during the nine months that ended March 31, 2012. Same-store sales were ‎flat at $300.5 million (NZD 364.9 million) due to declines in Australia, which accounts for ‎a large proportion of its sales. ‎

The retailer explained that third-quarter sales were satisfactory in New Zealand, Canada and the U.S., however, the ‎Australian market continued to be difficult for the group due to the ongoing tight retail ‎conditions. 

Total sales in Australia grew 3 percent to $211.8 million (NZD 257.2 million) during the ‎nine months, while sales in New Zealand increased 8 percent to $68.9 million (NZD 83.7 ‎million). Michael Hill’s sales in Canada rose 16 percent to $34.2 million (NZD 41.5 million) ‎and in the U.S. they grew 11 percent to $7.1 million. ‎
Tags: Australia, Avi Krawitz, diamonds, jewellery, Jewelry, Michael Hill, New Zealand, Rapaport
Similar Articles
NRF Holiday mall 150US Retail Sales Rise Ahead of Holidays
Nov 17, 2019
US retail sales showed “particularly impressive” growth inOctober as shoppers prepared...
Michael Hill Offers Lab-Grown Collection
Alibaba Sees Record Singles’ Day Sales
Bailey Banks & Biddle Files for Chapter 11
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First



Call Us: 1-702-893-9400
Member License Agreement   RapNet Trading Rules & Code of Conduct    Privacy Policy  
  
twitter twitter
About Rapaport
Advertise with us