Discretionary retailers including Adairs,Michael Hill and Baby Bunting are among those that have reported falling sales amid slower spending.
ASX-listed jeweller Michael Hill International says sales are up and margins are staying strong despite rising cost pressures.
Bumper numbers from ASX-listed retailers Lovisa and Michael Hill reveal Australians are still splashing out on jewellery and accessories despite cost-of-living pressures.
Troubled jewellery retailer Michael Hill has declared the coronavirus crisis as an"opportunity"to bolster its online offering and slash its rental costs.
The ASX-listed group told investors on Thursday it had'no choice'but to temporarily close all of its retail stores until April 22.
Michael Hill has become the first major Australian retailer to close its doors in light of the coronavirus pandemic,putting the jobs of 2500 workers at risk.
Jewellery chain Michael Hill has become the latest major company to confess to short-changing workers.
Just six Emma&Roe outlets will survive the cull by Michael Hill International.