Same-store sales at Michael Hill’s eight U.S. locations rose 6.4 percent over the last year, the company announced in its latest financial results.
Overall U.S. sales rose 7.2 percent to $10.2 million. The U.S. operations ran an operating loss of $2.3 million, compared with the prior year’s $2.6 million.
The company pronounced itself “satisfied with the results of the U.S. operations over the past five years but acknowledges there is still a long way to go before the business is proven in the U.S. market.”
The company closed a store in the Water Tower in Chicago, but hopes to replace that with a store in the East later this year.
Click here for more of the company’s financial results.
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