Michael Hill International Limited: Business Update in Wake of COVID-19

  • May 17, 2020 AEST
  • Team Kalkine

Michael Hill International Limited (ASX:MHJ) provided the following business update related to COVID-19.

  • MHJ has plans to gradually reopen its stores after conducting an initial trial at some of the stores. Starting from 16 May 2020, 25 New Zealand stores and 100 Australian stores have started their operations.
  • The Company intends to start opening tranches of stores in Canada from late May.
  • MHJ stated that it delivered strong digital sales for the past three weeks, which is above the previous record level during Christmas 2019.
  • Under the lean operating model, the Company continues to focus on cost reduction.

 


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