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Michael Hill store 150
Shutdowns Send Michael Hill’s Profit Sliding
Michael Hill’s earnings slumped 81% in the last fiscal year amid the temporary closure of most of its 290 stores in the second half.The Australia-based jeweler reported profit of AUD 3.1 million ($2.3 million) for...
Retail Aug 19, 2020 Rapaport News
Michael Hill store
Covid-19 Dents Michael Hill Sales
Australian jeweler Michael Hill reported a sharp drop in revenue during the fourth quarter, as the coronavirus pandemic forced it to shut down most of its stores.Group sales slumped 61% to AUD 133.1 million ($93.1 million) during...
Retail Jul 19, 2020 Rapaport News
Michael Hill
Michael Hill Sees Record Online Sales
E-commerce sales at Michael Hill reached an all-time high in late April and early May as the Australia-based retailer responded to changing consumer attitudes amid the coronavirus pandemic.Digital revenues for the three weeks ending May...
Retail May 18, 2020 Rapaport News
Michael Hill
Michael Hill Sales Slip Amid March Shutdown
Michael Hill’s sales fell 12% in the third fiscal quarter as stores closed due to the coronavirus pandemic.Group revenue dropped to AUD 105.1 million ($66.8 million) in the three months ending March 31, the jeweler...
Retail Apr 20, 2020 Rapaport News
Michael Hill
Michael Hill to Close Remainder of Global Stores
Michael Hill will shut its stores in Australia and New Zealand for an indefinite period in response to the rapid spread of the coronavirus and a slowdown in its store traffic.“In Australia, the current ‘social distancing’ guidelines...
Retail Mar 24, 2020 Rapaport News
Michael Hill
Michael Hill to Close Stores in Canada
Michael Hill will temporarily close all its Canadian stores amid the coronavirus pandemic, while locations in Australia and New Zealand currently remain open. The jeweler’s Canadian stores are set to shut for...
Retail Mar 23, 2020 Rapaport News
Michael Hill store
Online Growth Boosts Michael Hill Sales
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...
Retail Feb 27, 2020 Rapaport News
Michael Hill store 150
Holiday Sales Buoy Michael Hill Revenue
Michael Hill’s sales rose 6% in the first half of its fiscal year amid strong growth in holiday purchasing and a successful launch of lab-grown diamond jewelry.Group revenue climbed to AUD 327.3 million ($226.3 million) as higher sales...
Retail Jan 16, 2020 Rapaport News
Michael Hill
Michael Hill Offers Lab-Grown Collection
Australian jeweler Michael Hill has launched a line oflab-grown diamond engagement rings priced at up to AUD 15,999 ($10,920), in aneffort to appeal to a larger consumer base. “We understand that our customers appreciate having genuineoptions when it comes...
Retail Nov 13, 2019 Rapaport News
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
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