Michael Hill’s sales rebound despite store closures
Jeweller Michael Hill remains on track to deliver higher profits in 2021, despite ongoing forced store closures, after achieving strong same-store sales and margin growth in the March quarter.
In a trading update on Thursday, Michael Hill said same-store sales rose 16.4 per cent (excluding the impact of temporary store closures) in the 13 weeks ending March 28, taking total store sales for the quarter up 11.6 per cent and lifting store sales for the year to date by 0.8 per cent to $436 million.
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