Black Friday sales now etched firmly into Australian retailing

Original article by Liam Walsh
The Australian Financial Review – Page: 17 : 17-Jan-20

Michael Hill International’s sales grew by 3.3 per cent to $203m in the December quarter, while same-store sales rose by four per cent to $198m. The listed jewellery retailer’s same-store sales in Australia rose 1.6 per cent to $103.5m, although overall sales fell 0.9 per cent to $105.9m. CEO Daniel Bracken notes that the group’s sales increased in November due to the ‘Black Friday’ sales. He adds that the Black Friday sales are having an impact on consumers undertake their Christmas shopping.

CORPORATES
MICHAEL HILL INTERNATIONAL LIMITED – ASX MHJ

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