Michael Hill chief executive Daniel Bracken is confident about the coming months for its jewellery stores in key markets after posting solid sales and profits over Christmas.
This marks a U-turn for the group, which was hit hard by the COVID-19 restrictions during the 2020 financial year – net profit plunged 81.5 per cent to $3.1 million after it was forced to close its stores for up to 13 weeks in April-June.
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Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club. Connect with Carrie on Twitter. Email Carrie at carrie.lafrenz@afr.com
