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Michael Hill's new outlet brings in profit

  • News
  • July 10, 2017
  • The Register team
Michael Hill's new outlet brings in profit

Michael Hill International announced it full-year sales. The New Zealand jeweler saw a six percent increase rise of full year sales thanks to its newest outlet, Emma & Roe.

Michael Hill International, which is based in Brisbane, saw sales rise to $583 million in the last 12 months ending June 30.

The rise in profits comes from the opening of its new stores which work under the Michael Hill umbrella, Emma & Roe.

In the last 12 months the retailer opened 13 of its Emma & Roe stores bringing the total under that brand to 29 and opened 14 Michael Hill branded outlets while closing seven, leaving it with 304, and a total number of outlets of 333.

The increased Emma & Roe meant sales jumped 62 percent to $15 million, although on a same-store basis sales fell 1.9 percent.

Michael Hill store sales rose 5 percent to $568 million, or 1.5 percent on a same-store basis.

Specifically, New Zealand sales declined 0.7 percent to $122 million, and fell 0.8 percent on a same-store basis, while in its biggest market of Australia, sales rose 4.1 percent to A$322 million, and on a same-store basis sales were up 1.2 percent.

It opened three new stores in Australia and closed five underperforming outlets, for a total of 166.

The successful year comes after the appointment of CEO Phil Taylor, who got promoted after working within the company for 30 years.

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Black Friday and Cyber Monday: Deals for Kiwis

  • News
  • November 22, 2017
  • Courtney Devereux
Black Friday and Cyber Monday: Deals for Kiwis

On the weekend starting 24 November, many retailers will lower prices in a day-long sale. From independent stores to multichannel retailers, who is jumping on the Black Friday and Cyber Monday bandwagon?

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Enhancing the experience: A growing demand

  • Design
  • November 22, 2017
  • Courtney Devereux
Enhancing the experience: A growing demand

Some commentators think food and integrated hospitality offerings will save brick and mortar retail from obsolescence in the age of ecommerce. But does catering to the consumer’s every need result in sales, or are shoppers moving on without making a purchase? In the Enhancing the experience series Courtney Devereux looks into why these two different sectors are working together.

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Kiwi retailers cash in on Singles’ Day

  • News
  • November 21, 2017
  • Sarah Dunn
Kiwi retailers cash in on Singles’ Day

The Chinese holiday Singles’ Day, popularised by Alibaba as the ’11.11 Global Shopping Festival’, is now the biggest sale event in the world. Alibaba reports that US$25.3 billion of gross merchandise volume was settled during the 24 hours of Singles’ Day this year. Not all of that went to Chinese retailers, however – a handful of Kiwis made the most of the opportunity.

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Updated: Noel Leeming launches a dedicated after-purchase services division

  • Technology
  • November 20, 2017
  • Sarah Dunn
Updated: Noel Leeming launches a dedicated after-purchase services division

The Warehouse Group’s electronics retailer Noel Leeming has been looking at expanding its focus on services this year. Now, it’s launched a dedicated after-purchase services division: MyTechSolution. The change also means that customers will be charged for access to Noel Leeming's helpdesk if the request goes beyond a "quick fix".

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Cameras aren’t just for security anymore

  • In Association with Axis Communications / Sektor
  • November 20, 2017
Cameras aren’t just for security anymore

In-store video cameras revolutionised loss prevention when they first became available to retailers, but as camera technology continues to evolve, they can now provide a plethora of data that supports better business decisions.

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