PodcastsJan 12, 2026
The latest poscasttest
FinancialsOct 16, 2013
Michael Hill notes ‘good growth’ at US stores
Same-store sales at Michael Hill’s U.S. stores rose 7 percent in the quarter ended Sept. 30, the Australian retailer reported recently.
Brisbane, Australia--Same-store sales at Michael Hill’s U.S. stores rose 7 percent in the quarter ended Sept. 30, the Australian retailer reported recently.
Total sales at all Michael’s Hill U.S. stores, which all are located in Illinois, declined 4 percent year-over-year in local currency terms, from $2.06 million to $1.97 million. The decline in revenue for all stores is due to the fact that one of Michael Hill’s stores was closed for the entire month of June, the company said.
Overall same-store sales for Michael Hill, which also operates stores in Australia, New Zealand and Canada, rose 4 percent in local currency terms (Australian dollars). Total sales rose 9 percent from $87.3 million last year to $94.8 million in the same time period this year.
The U.S. market turned in the strongest performance in local currency terms with its 7 percent increase in same-store sales, followed by the Canadian market with a 6 percent rise and Australia with a 1 percent increase. Same-store sales in New Zealand fell 6 percent.
Michael Hill stated that, “Canada and the U.S. continue to show good growth on a same-store basis,” with the growth in this most recent quarter coming on the heels of a 6 percent increase in comps for the fiscal year ended June 30.
Based in Brisbane, Michael Hill has eight stores in the U.S. market, after closing one location sometime between June 30, 2012 and June 30, 2013.
The company’s U.S. headquarters are in Chicago.
Editors' Picks
Sponsored by
More on Financials
The Latest
Weekly QuizOct 03, 2024
This Week’s QuizTest your jewelry news knowledge by answering these questions.
PodcastsJan 12, 2026
Introducing My Next Question, the PodcastA monthly podcast series for jewelry professionals
Brought to you by
Navigating Cybersecurity: Essential Guidance for JewelersFrom protecting customer data to safeguarding inventory records, it's crucial to learn how to tackle cybersecurity challenges.
PodcastsNov 27, 2025
Test Podcast With VideoTest Podcast With Video. New interview with Ada Lovelace.
PodcastsNov 25, 2025
Test New Podcast PostAbstract for tests. New Podcast interview with John Lennon, Jimi Hendrix and Jim Morison.
ColumnistsOct 09, 2024
Peter Smith: 7 Things to Know When Selling LuxuryAhead of the holiday season, Smith delves into the often subconscious reasons people buy luxury products for themselves or their loved ones.
AuctionsOct 09, 2024
Rolex Worn on Apollo 14 Mission Up for SaleThe GMT-Master “Pepsi” belonging to astronaut Edgar Mitchell is a standout in RR Auction’s online “Space Auction,” going on now.
MajorsOct 09, 2024
New Simon Campaign Invites Gen Z to ‘Meet Me At The Mall’The ads celebrate the mall culture of the ‘80s and ‘90s.
MajorsOct 09, 2024
PGI Launches New Virtual Sales TrainingRetail sales associates can access the video series on mobile to refresh their selling skills.
Policies & IssuesOct 09, 2024
GJNRF: Reaching Out, Rebuilding Futures For 25 years, India’s Gem & Jewellery National Relief Foundation has provided aid in the wake of war, natural disasters, and global crises.
AuctionsOct 08, 2024
Sotheby’s Selling Jewelry That Belonged to a Bulgarian TsarThe November auction will feature a collection of jewels owned by Ferdinand I, the first king of modern Bulgaria, and his family.
SourcingOct 08, 2024
Rio Tinto Begins New Phase of Production That Will Extend Diavik’s LifeCommercial production has begun underground at the Canadian diamond mine’s A21 pipe.
SurveysOct 08, 2024
What to Know About Online Shopping This Holiday SeasonDeloitte and Adobe Analytics shared their insights on the season, from the retail sales forecast to the role of generative AI.
CollectionsOct 08, 2024
Sylvie Adds New Men’s BandsThe Texas-based jeweler collaborated with luxury clothing brand Uncommon Man on men’s bands designed with European influences.
SourcingOct 08, 2024
Is Current Diamond Industry Turbulence Shaping a ‘New Normal’? Industry players have found ways to cope with market conditions while working to reshape themselves in the face of emerging realities.
SourcingOct 07, 2024
Rio Tinto to Offer 76 Diamonds in 2024 Beyond Rare Tender The sales event, in its second year, features a selection of rare diamonds from the miner’s Argyle and Diavik diamond mines.
CollectionsOct 07, 2024
Olympian Kristi Yamaguchi Partners With Heller Jewelers on New CollectionA portion of the proceeds from the “Always Dream” collection will go to Yamaguchi's foundation, supporting early childhood literacy.
