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Michael Hill
Challenging Retail Market Hits Michael Hill Sales
Revenue at Michael Hill fell in the last fiscal year amid a difficultretail environment and the company’s move away from discounting prices. Group revenue at the Australia-based jeweler fell 1% to AUD569.5 million ($386.2 million) for...
Retail Aug 19, 2019 Rapaport News
Michael Hill CEO
Michael Hill to Repay Workers up to $17M
Michael Hill will hand out between AUD 10 million ($7million) and AUD 25 million (just under $17.5 million) to compensate retail employeesin Australia, after discovering it had been underpaying them. The jeweler had been...
Retail Jul 11, 2019 Rapaport News
Michael Hill
Revenue Drops at Michael Hill
Michael Hill’s sales fell 0.8% in its third fiscal quarter,even as strategic changes drove an improvement in March, the company said. Group revenue slipped to AUD 117.6 million ($84.2 million)in the three months ending March...
Retail Apr 11, 2019 Rapaport News
Michael Hill
Michael Hill’s Revenue Falls in First Half
Michael Hill’s sales fell 2.7% in the first half of its fiscal year due to the lingering impact of a discounting policy that it has been working to abolish, the company said. Group revenue dropped to AUD 315.4...
Retail Feb 27, 2019 Rapaport News
Michael Hill
Michael Hill Sees Improved Holiday Results
Michael Hill’s sales rose during the holiday period, buoyed bya shift in the company’s marketing strategy, it said Tuesday. The jeweler’s same-store sales — at branches open for at least a year— increased 1.3% year on year...
Retail Jan 15, 2019 Rapaport News
Michael Hill
Michael Hill Hires Operations Chief
Michael Hill has appointed Andrea Slingsby as chiefoperating officer, it said Wednesday. “Her unique experience in people-focused, fast-growingcompanies, business-model improvement and operational excellence is a majorbenefit for Michael Hill as we implement our strategy to become a globallyrelevant leader...
Retail Jan 10, 2019 Rapaport News
MVI
How Retailers Can Entice Chinese Tourists
You don’t have to be in China to sell to Chinese people.That’s the message from luxury marketing experts, who point out that tourists,students and immigrants from the world’s largest fine-jewelry consumer have ahuge impact on the...
Marketing Oct 17, 2018 Joshua Freedman
Michael Hill Canada store 150
Lack of Marketing Hits Michael Hill
Michael Hill’s sales fell 9% in the first fiscal quarter asthe retailer underestimated how much marketing it needed for its strategicshift away from discounting, the company said. Group revenue fell to AUD 112.1 million...
Retail Oct 14, 2018 Rapaport News
Daniel Bracken Michael Hill up close
New CEO to Lead Michael Hill
Michael Hill International has hired Daniel Bracken as its new CEO, replacing Phil Taylor, who is stepping down due to health issues. Bracken is currently the CEO of Australian retailer Specialty Fashion Group, a position he has...
Retail Sep 26, 2018 Rapaport News
MIchael Hill
Michael Hill Profit Slumps on US Exit
Michael Hill saw its earnings dive 90% in the last fiscalyear, due to costs relating to its exit from the US market and the closure ofits Emma & Roe brand. The Australia-based jeweler reported...
Retail Aug 28, 2018 Rapaport News
Michael Hill 150
Canada Stores Boost Michael Hill
Michael Hill saw a 3.3% revenue increase over the last fiscalyear, led primarily by sales in its Canadian stores, the Australia-basedjeweler reported. Revenue rose to $447.2 million (AUD 599.7 million) for the12 months ending...
Retail Jul 10, 2018 Rapaport News
Emma and Roe 150
Michael Hill to Shut Emma & Roe
Michael Hill will close all 30 Emma & Roe stores as itredeploys funds and resources to its core business, it said last week. The Australia-based retailer had initially planned to shut only24 of its 30 Emma &...
Retail Jun 25, 2018 Rapaport News
Michael Hill 150
Michael Hill Reshuffles Australia Management
Michael Hill has restructured its Australian leadership teamin an effort to focus more attention on its core brand. Tishara Mina, general manager for the retailer’s Emma &Roe label (pictured, right), will take on responsibility...
Retail Jun 19, 2018 Rapaport News
Michael Hill 150
Michael Hill to Close All US Stores
Michael Hill will close all its US stores by April 30 andpull out of the American market entirely, the company said. In January, the retailer announced it was looking for abuyer for the nine stores it operates...
Retail Apr 15, 2018 Rapaport News
Michael Hill 150
Michael Hill to Exit US Market
Michael Hill will close its US operations after a run of disappointing sales results in the “challenging” and “loss-making” market, the Australia-based jeweler said Wednesday. “Our time in the highly competitive US jewelry market taughtus a lot...
Retail Jan 25, 2018 Rapaport News
Michael Hill Sales Rise 150
Michael Hill Enjoys Half-Year Boost
Michael Hill’s sales rose 4.7% in the fiscal first half asgrowth in Canada and New Zealand outweighed a weaker performance in the US. Group revenue increased to $273.1 million (AUD 341.5million) in the six months that...
Retail Jan 22, 2018 Rapaport News
Michael Hill store
Michael Hill Sees Rise, but US Operation Lags
Michael Hill’s revenue grew 8% in the third quarter, driven by improved performance in Australia, New Zealand and Canada, the jeweler reported.Group sales rose to $99.7 million (AUD 130.3 million) in the three months that ended...
Retail Oct 31, 2017 Rapaport News
Michael Hill store
Michael Hill’s US Sales Fall
Michael Hill’s US sales dropped in the past fiscal year asthe Australia-based jeweler struggled in the key market.Revenue from American operations slid 12% to $12.5 million,while same-store sales fell 8.5%, the retailer reported Monday....
Retail Aug 22, 2017 Rapaport News
Michael Hill store
Store Growth Drives Michael Hill Sales Jump
The Michael Hill Group saw a 6% sales increase over the last fiscal year as it expanded its store network, the Australia-based jeweler reported.Revenue rose to $437.3 million (AUD 583 million) for the 12 months ending...
Retail Jul 12, 2017 Rapaport News
Phil Taylor Michael Hill
Michael Hill Okays Phil Taylor as CEO
Australia-based jeweler Michael Hill has appointed PhilTaylor as its chief executive officer, the company announced on Monday.Taylor (pictured) had been acting CEO since August of last year, followingthe exit of longstanding company head Mike...
Retail Mar 07, 2017 Rapaport News
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