NewsBite

Michael Hill’s sales rebound despite store closures

Sue Mitchell
Sue MitchellColumnist
Updated

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

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.

Loading...
Sue Mitchell writes the fortnightly Window Shopping column for the Financial Review and has covered retailing for over 30 years. Connect with Sue on Twitter. Email Sue at smitchell2045@gmail.com

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

Read More

Latest In Retail

Fetching latest articles

Most Viewed In Companies

    Original URL: https://www.afr.com/companies/retail/michael-hill-s-sales-rebound-despite-store-closures-20210415-p57jc0