The new store celebrated its grand opening on 8 November and follows in the footsteps of two other ‘flagship stores in Melbourne, with one located at Chadstone and the other at the Bourke Street Mall. Chief marketing officer, Jo Feeney, said the new Sydney store combines natural textures with refined finishes and intricate detailing.
“From thoughtful lighting to bespoke consultation areas, every design element has been curated to create a space that feels both luxurious and welcoming, a true reflection of our focus on attainable luxury,” Feeney said.
“The store also brings to life our hero experiences, including the dedicated Pendant Bar, Earring Charms, and Wedding Band Concierge, designed to help customers discover and personalise pieces that celebrate life’s special moments.”
Trading update
Michael Hill International recently confirmed the closure of several stores and an increase in same-store sales over the past four months.
The company confirmed that revenue decreased during the 16-week period beginning 30 June; however, same-store sales improved in Australia (0.7 per cent) and Canada (4.1 per cent). In New Zealand, this figure decreased by 6 per cent.
Michael Hill also confirmed the closure of 13 stores across the three markets, which brings the company’s total network to 284. The report also noted plans to open three flagship stores, two in Australia and one in Canada.
Earlier this year, the company announced the appointment of Jonathan Waecker as CEO, and, as part of this update, he said there was cause for optimism.
“As we prepare for the all-important Christmas Trading period, we are encouraged by a year-on-year 100 basis point uplift in group gross margin in the first 16 weeks,” Waecker said.
“Additionally, our Canada segment – our second largest market – continues to deliver record-breaking sales performance, reinforcing its role as a key growth engine.
“Our focus remains firmly on delivering innovation, customer experience, and retail execution across our markets.”
• Michael Hill has also announced the appointment of Elodie Guillaumond as its new chief financial officer. Guillaumond has previously held leadership roles at companies such as Ampol, Amart Furniture, and Coles. She will begin in her new role on 2 February.
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