Daniel Bracken: Michael Hill CEO on the company's success in Australian markets and disappointment in New Zealand
Michael Hill is boosting its presence in Australia as New Zealand sales drop amid ongoing thefts.
Overall half-year earnings were down by 55 percent on last year, with New Zealand being marked as a 'laggard' for the company.
CEO Daniel Bracken says Australian consumers are feeling more positive about the state of their economy than New Zealanders.
"There's been a number of things at play in the New Zealand market. Not just the economy, but political turbulence, Government taking time to get formed, new polices taking time to get issued."
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