Michael Hill Says U.S. Comps Rose 4.8%

Michael Hill, the New Zealand jeweler with nine stores in the United States, said that its U.S. retail segment had a same-store increase of 4.8 percent for the nine months ended March 31. 

Australian same-store sales ticked up 2.1 percent, New Zealand comps jumped 3.1 percent, and Canadian comps rose 0.7 percent. 

“Our U.S. stores traded well up during the quarter continuing the gains made over the past few years,” the company said in a statement.

In its half-year report issued in March, the company said it is “is satisfied with the progress of the U.S. operation over the past six months but acknowledges there is still a long way to go before the business is proven up in the U.S. market.”

Michael Hill said it is focused on improving both the top-line sales and the margins for the U.S. segment.

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JCK News Director

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