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

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  See omnystudio.com/listener for privacy information.