Michael Hill's new strategy appears to be paying off. 

The jewellery chain's reporting a 376% increase in annual statutory net profit from its global business. 

New Zealand retail revenue is up 3.1%, bringing it to $112.4 million. 

Michael Hill International CEO Jonathan Waecker told Mike Hosking that since times are tough, Kiwis are being more considerate with their money. 

He says it's important they buy high-quality things that really bring them joy, and they're picking Michael Hill more than anyone else.  

LISTEN ABOVE  

Michael Hill's new strategy appears to be paying off.&nbsp;
The jewellery chain's reporting a 376% increase in annual statutory net profit from its global business.&nbsp;
New Zealand retail revenue is up 3.1%, bringing it to $112.4 million.&nbsp;
Michael Hill International CEO Jonathan Waecker told Mike Hosking that since times are tough, Kiwis are being more considerate with their money.&nbsp;
He says it's important they buy high-quality things that really bring them joy, and they're picking Michael Hill more than anyone else. &nbsp;
LISTEN ABOVE &nbsp;

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Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.The sharpest voice and mind in the business, Mike drives strong opinion,...

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Jonathan Waecker: Michael Hill International CEO on their 376% increase in annual statutory net profit

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/65ba4c5f-6029-4c16-b4b7-b4b7015e2c48/transcript