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  1. #451
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    Canada's becoming a good market place for them indeed. All in all a decent result although it looks like aussie is a hard sale for them at the moment. organic growth opportunities still exist in other markets.

  2. #452
    Speedy Az winner69's Avatar
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    Market sort of impressed - up 2% in early trading
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  3. #453
    Speedy Az winner69's Avatar
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    Have they closed a lot of Canada's stores

    Total sales in Canada far greater than same store sales

    Or is it cos these pcp things aren't included in stores sales?
    Last edited by winner69; 17-07-2015 at 10:06 AM.
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  4. #454
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    Quote Originally Posted by winner69 View Post
    Have they closed a lot of Canada's stores

    Total sales in Canada far greater than same store sales
    ???? cannot figure your question out winner... Total sales would be higher... if new stores were opened surely?? Or am I missing something here?

  5. #455
    Speedy Az winner69's Avatar
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    Quote Originally Posted by blackcap View Post
    ???? cannot figure your question out winner... Total sales would be higher... if new stores were opened surely?? Or am I missing something here?
    Yes that's it, wasnt thinking that well this morning - too much cricket, golf and Tour de France overnight
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  6. #456
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    Quote Originally Posted by winner69 View Post
    Yes that's it, wasnt thinking that well this morning - too much cricket, golf and Tour de France overnight
    All is forgiven... I know the feeling, have just had 2 weeks of Wimbledon and still recovering.

  7. #457
    Speedy Az winner69's Avatar
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    Canada - same stores 62m total sales 79m

    Means new stores sales 17m

    I take it that new stores are the ones opened over the last 24 months?

    Wonder if MHI do the pure calculation on a yearly basis?. Some outfits make adjustments for cannibalisation and such things.
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  8. #458
    Speedy Az winner69's Avatar
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    This opinion piece in Retail News sort of suggests the jury still out on whether Emma and Roe is going to be a success.

    Michael Hill’s Emma & Roe – a charmed life?
    Posted on July 17, 2015 by RetailNews in Opinion, Retail Blog – Opinion // 0 Comments

    “Fail fast” is an axiom of modern business life, so what are we supposed to make of Michael Hill International’s ‘test’ of its Emma & Roe chain of quality charm stores that began mid-to-late 2012?

    It appears the physical presence of the brand is not growing as fast as the jeweller had expected and the hoped for test ‘result’ has not eventuated. So the Emma & Roe test run continues.

    In its trading update for the year to the end of June out today, Michael Hill reported it was “continuing to refine and test the Emma & Roe retail model and consequently this trading update does not include financial information for the Emma & Roe stores.”

    During the 12 months, two more Emma & Roe stores opened, taking the chain’s tally to eight versus a target of 10. Another store opened in Brisbane suburb of Mount Gravatt yesterday.

    The Emma & Roe (from Emma, Sir Michael’s daughter, and Roe, Lady Christine Hill’s maiden name) story began back in 2012 with the trial of five south east Queensland outlets under the trading name ‘Captured Moments’. All Emma & Roe remain in Queensland.

    The stores carried unique jewellery collections consisting of bracelets and charms along with matching jewellery. ‘Captured Moments’ was viewed as complementary to the Michael Hill brand which focused on diamonds, bridal and fine jewellery.

    Michael Hill declared the trial a success and in April last year when it opened the first Emma & Roe store.

    In its 2014 annual report the company said it would continue to test the business and its multi-channel strategy would help build faster brand recognition across Australasia and open the way to spearhead the brand name into North America through the Michael Hill stores.

    Among Michael Hill’s priorities for the 2014-15 financial year was to open four Emma & Roe stores across Australasia and prove up the model for further expansion. – Mike Booker

    http://retailnews.co.nz/2015/07/emma...m_campaign=rss
    Last edited by winner69; 19-07-2015 at 07:39 AM.
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  9. #459
    Speedy Az winner69's Avatar
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    Another year passes for MHI and share price seems ensconced below a$1, that's down 20% from a year ago.

    Reduced dividend, investing for growth, Michael handing over to Emma all make for interesting times ahead. Maybe a year to sort all things out.

    Wonder how it will all go?

    I'll keep watching. Love retail stocks ......and diamonds and things.
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  10. #460
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    Visited one of the Emma n Roe stores recently, still not sure what market he is trying to target there....its too flashy for the type of product on offer, and too over priced for the type of product on offer. I think the $ would have been better spent on something like Lovisa...those store are always busy. And well priced for the teen market who tend to buy more and more every few weeks.

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