Jewellery retailer Michael Hill International has reported same store sales have fallen 2.1 per cent to $220.8 million in the nine months to March 31.
Australia, the brand's biggest market, was the only major underperformer in the group's portfolio.
New Zealand same store sales were up 4.8 per cent to $85.93 million, with Canada rising 2.9 per cent to $49.8 million and the US 7.2 per cent to $8.2 million.
The retailer had same store sales growth of 0.9 per cent to $358 million and all stores up 3.5 per cent to $382 million.
Chairman Sir Michael Hill said the company opened 11 stores during the period and closed two, taking total stores to 287 Michael Hill stores.
"This decline in our key market will put pressure on our full year result but there is still a full quarter to go and management are focused on correcting this downward trend," he said.