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Michael Hill Forecasts Half-Year Profit
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Australian jeweler Michael Hill predicted a rise in profit for the current half year after reporting growth in same-store sales.Sales at branches open for at least 12 months increased 8% year on year in the 22 weeks ending November 29,...
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Retail
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Dec 10, 2020
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Rapaport News
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Online Growth Boosts Michael Hill Sales
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Revenue at Michael Hill grew 4.4% year on year to AUD 329.5 million ($216.7 million) in the Australian jeweler’s first fiscal half, as investments in digital platforms paid off.Same-store sales — at retail locations open for at least a year...
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Retail
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Feb 27, 2020
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Rapaport News
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Michael Hill’s Revenue Falls in First Half
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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...
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Retail
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Feb 27, 2019
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Rapaport News
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Michael Hill Sees Improved Holiday Results
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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...
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Retail
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Jan 15, 2019
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Rapaport News
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How Retailers Can Entice Chinese Tourists
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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...
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Marketing
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Oct 17, 2018
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Joshua Freedman
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Michael Hill to Close All US Stores
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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...
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Retail
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Apr 15, 2018
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Rapaport News
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Michael Hill to Exit US Market
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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...
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Retail
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Jan 25, 2018
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Rapaport News
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Michael Hill Enjoys Half-Year Boost
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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...
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Retail
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Jan 22, 2018
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Rapaport News
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Michael Hill Sees Rise, but US Operation Lags
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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...
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Retail
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Oct 31, 2017
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Rapaport News
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Michael Hill’s US Sales Fall
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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....
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Retail
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Aug 22, 2017
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Rapaport News
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Store Growth Drives Michael Hill Sales
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Michael Hill saw a 5-percent sales increase during theJuly-to-December period as it expanded its store network, the Australia-basedjeweler reported.Revenue rose to $250.9 million (AUD 327.5 million) for thosesix months, which constitute the company’s fiscal...
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Retail
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Feb 21, 2017
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Rapaport News
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Weak U.S. Sales Inhibit Michael Hill Growth
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Michael Hill reported group sales increased 5.7 percent to $240.3million (AUD 328.1 million) in the first fiscal half despite its sluggish performance in the U.S.Global same-store sales increased 1 percent during the sixmonths that...
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Retail
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Jan 09, 2017
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Rapaport News
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Michael Hill’s Sales Rise
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Michael Hill’s group revenue jumped in the past fiscal year asthe retailer reported broad-based growth across all regions.Revenue advanced 9.5 percent to $421.3 million (AUD 551.1million). Sales in Australia, its largest market, increased...
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Retail
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Aug 23, 2016
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Rapaport News
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Michael Hill CEO Steps Down
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Michael Hill International said its chief executiveofficer Mike Parsell has resigned after 16 years steering the Australia-basedjewelry retailer.Parsell (pictured) has seen the company expand from just threestores in New Zealand when he joined...
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Retail
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Aug 10, 2016
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Rapaport News
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Michael Hill to Restructure for Australia Listing
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Michael Hill will move its primary stock-exchange listing toSydney next month and set up a new parent company that will be incorporated in Australia.The jeweler, which traces its roots back to New Zealand, hasover time...
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Retail
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Jun 22, 2016
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Rapaport News
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New Zealand, U.S. Growth Boosts Michael Hill's Sales
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Michael Hill reported revenue jumped 9.1 percent year onyear to $320.2 million (AUD 420.8 million) in its first three fiscal quartersas sales advanced in each of its regional divisions.Total same-store sales rose 5.1 percent...
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Retail
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Apr 12, 2016
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Rapaport News
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Michael Hill’s 1H Revenue +10%, Same-Store Sales +5%
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Michael Hill reported group-wide first-half revenue jumped 9.7percent year on year to $221.1 million (AUD 310.8 million). Same-store sales rose5.4 percent in the six months that ended December 31.Profit for theperiod climbed 5.1...
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Retail
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Feb 17, 2016
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Rapaport News
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Michael Hill’s 1H Sales +9%; Mulls Australian Listing
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Michael Hill reported sales increased 8.7percent year on year in the first half that ended December 31. The results comeas the jewelry retailer announced it is considering listing shares on theAustralian Securities Exchange (ASX).Revenue grew...
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Retail
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Jan 10, 2016
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Rapaport News
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Tiffany's to Open New Zealand Store in Auckland
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Tiffany & Co. says it will bring a new level of luxury jewelery to Auckland when it opens in late 2016, according to a report in the New Zealand Herald newspaper.The store will occupy 430 square meters, the entire...
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Retail
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Aug 23, 2015
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Rapaport News
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Emma Hill to Take Reins as Chair of Michael Hill International
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The founder and namesake of jewelry chain Michael Hill International will retire following the company’s annual shareholders meeting on November 4, to be replaced as chairman by his daughter, Emma Hill, according to a company announcement on Friday.The younger Hill...
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Retail
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Aug 16, 2015
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Rapaport News
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