The vehicle was later found by police abandoned on a nearby road.
Yardley said police are appealing for sightings of a Silver Subaru, registration number GUC42, used in the robbery.
“It had a large luggage rack on the roof which has been removed prior to the robbery and has not been located.”
Yardley said no one in or around the store at the time of the robbery has reported injuries.
“Police are providing support to those impacted. Investigations are ongoing.”
Michael Hill Taupō was closed after the incident. The store’s staff were approached for comment.
The store was also the target of a brazen daytime robbery in April 2023, which led to the arrest of five youths.
Maryana Garcia is a Hamilton-based multimedia reporter covering breaking news in Waikato. She previously wrote for the Rotorua Daily Post and Bay of Plenty Times.