|
|
New Zealand, U.S. Growth Boosts Michael Hill's Sales
Apr 12, 2016 2:56 AM
By Rapaport News
|
|
|
RAPAPORT... Michael Hill reported revenue jumped 9.1 percent year on
year to $320.2 million (AUD 420.8 million) in its first three fiscal quarters
as sales advanced in each of its regional divisions.
Total same-store sales rose 5.1 percent in the nine months
to March 31, the New Zealand-based jeweler said. The biggest same-store revenue
increase in local currency terms was recorded on the home turf, at 6.5 percent,
while the U.S. registered the fastest growth in all sales with a 29-percent surge.
The company also reported a robust nine-month performance at
the Emma & Roe brand it launched in April 2014, with same-store sales
growing 40 percent and total revenue soaring 87 percent to $5.2 million. The
group opened six new Emma & Roe stories, giving a total of 14, and plans a
further two before the end of the financial year.
|
|
|
|
|
|
|
|
|
|
Tags:
Emma & Roe, Jewelry, Michael Hill, New Zealand, Rapaport News
|
|
|
|
|
|
|
|
|
|
|