Jewellery Chain Stores: Full steam ahead
The fine jewellery chain stores have fared well over the past decade but consolidation could be on the horizon as the 'big fish' look for new customers via brand…
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April 4, 2024
Northern migration: Bevilles heads to Queensland
Australian jewellery retailer Bevilles will relocate its corporate head office and distribution centre from Melbourne to Brisbane later this year. This development comes one year after Michael Hill International…
April 1, 2024
Sales analysis: Michael Hill identifies positive signs
Michael Hill International has reported a 4 per cent increase in revenue in the opening half of the financial year despite challenging market conditions. Sales closed at $362.7 million…
March 4, 2024
Facelift: Michael Hill announces brand ‘refresh’
Over the coming months, Michael Hill International (MHI) will undergo a brand revitalisation, including the debut of a new green and gold theme in April. Along with a brand…
March 4, 2024
Membership blow: Major jewellery chain quits JAA
One of Australia’s oldest jewellery businesses has cancelled its membership with the Jewellers Association of Australia (JAA). Bevilles has been the ‘talk of the town’ over the past 12…
February 19, 2024
Economic pressure: Michael Hill announces store closures, job cuts
Michael Hill International (MHI) has confirmed job cuts and store closures after a sharp decline in first-half earnings. The retailer is expected to report comparable earnings of between $30…
January 21, 2024
Michael Hill discusses acquisition with rival retailers
Following the successful acquisition of Bevilles earlier this year, five additional retailers have reportedly approached Michael Hill International about the possibility of a sale. In April, the details of…
October 15, 2023
Michael Hill to launch new high-end diamond jewellery brand
Michael Hill International has announced plans to launch a new jewellery brand targeting high-end consumers called TenSevenSeven. TenSevenSeven will be launched in the first half of next year, focusing…
August 27, 2023
$628 million: Another year of increasing sales for Michael Hill
Michael Hill International has reported another strong full-year financial report despite sales slowing in the second half. The company’s sales increased by six per cent on a year-by-year comparison,…
July 24, 2023
Michael Hill reveals renewed focus on lab-created diamond range
Major Australian jewelery retailer Michael Hill International has expanded its range of lab-created diamond jewellery. It's been a productive year for the Brisbane-based retailer with operations in New Zealand…
July 10, 2023