Michael Hill announces cracker Christmas trade

Company News

by Anna Napoli

Jewellery retailer Michael Hill (ASX:MHJ) has defied negative retail trading conditions, posting a Christmas boost for sales and improved sales momentum for the December quarter.

The business reported a 2.9 per cent and 1.3 per cent rise in total sales and same store sales respectively for the combined November and December period.

Michael Hill CEO Daniel Bracken says the company demonstrated resilience and agility in responding to the challenges of the opening four months and delivered positive sales growth in the key Christmas trading period.

Bracken took over the top job in September following a tough 12 months for the company with earnings hit by the closure of its US stores.

Shares in Michael Hill International (ASX:MHJ) closed flat at $0.60 yesterday.