Michael Hill

Retail Asia28/08/2019

Michael Hill posted a $16.5 million net profit in FY19, which was impacted by the $4.5 million back-payment it made to employees, after it found that it had unintentionally underpaid workers for the past six years. Still, this was an improvement form the $1.6 million net profit in FY18, following the closure of its Emma & Roe […]

Retail Asia26/04/2019

Jewellery retailer Michael Hill’s revised operating model is showing some encouraging signs, with sales falling at a slower rate in the March quarter compared to prior periods. Over the three months to March 31, 2019, total sales fell by 0.8 per cent to $117.5 million, and same-store sales fell by 1.5 per cent to $110 […]

Retail Asia07/03/2018

Michael Hill will spend $5.8 -$7.9 million closing all but six of its 30 Emma & Roe stores by the end of the financial year as part of its repositioning of the struggling brand. The move will see Emma & Roe exit its operations in New Zealand and New South Wales to focus specifically on […]

Retail Asia25/01/2018

New Zealand jeweller Michael Hill is to close down its US operations following a strategic review. The complete exit of its loss-making retail operations in the US comes after continued poor performance saw same-store sales drop a further 10 per cent in the retailer’s most recent trading update. Since launching in the US in 2008, […]

Retail Asia22/08/2017

Michael Hill CEO Phil Taylor has booked a 66.8 per cent increase in net profit after tax (NPAT) to 32.6 million for the year ended 30 June, amid a repositioning of its Emma & Roe brand and the introduction of proprietary lines to Michael Hill. The company recorded a 5.8 per cent increase in revenue […]

Tag: Michael Hill

Michael Hill profit hit by staff underpayment

Michael Hill Sales Suffers

Jeweller Michael Hill is closing all but six of its 30 Emma & Roe stores

Michael Hill to step out from US market

Michael Hill books profit, despite US weakness