KMD Brands says its outdoor retail chain Kathmandu has seen softer trading since June 2023 due to a poor winter.
Kathmandu owner KMD Brands Limited has reported record first-half sales of $547.9m for the six months to 31 January 2023, up 34.5% on the previous corresponding period.
KMD Brands Kathmandu, Rip Curl and Oboz have achieved B-Corp Certification, demonstrating their commitmnent to high standards of social and environmental impact, accountability, and transparency.
The return of travel and tourist-related spend saw Kathmandu stores report sales up 51% for the half-year ended 31 January 2023, compared with the same period a year earlier.
Kiwis are approaching the summer with a sense of optimism and a keen instinct to explore the outdoors for up to 14.5 hours every week, according to a new survey by PureProfile for Kathmandu.
KMD Brands says the tourism recovery will help drive further growth following sales for the year to July 2022 of $969.8m, up 6.2% on the previous fiscal year.
KMD Brands Group’s chief executive of its Kathmandu brand, Reuben Casey, has resigned after 12 years with the outdoor retailer.
KMD Brands says its total sales are expected to be in the range of $955m – $965m for the year ending 31 July 2022.
KMD Brands, formerly Kathmandu, has announced a net loss of $5.5m in the six months ending 31 January 2022.
athmandu will begin trading under its new name KMD Brands as it executes the rollout of its refreshed corporate strategy and group vision.
Underlying EBITDA at outdoor retailer Kathmandu is expected to be in the range of $9m – $11m for the first half of its financial year to 31 January 2022.
Sales of hiking and surfing brands helped lift revenue for FY21, says outdoor retailer Kathmandu.
The company has been able to capitalize on campers, surfers, rock climbers and kayakers trapped in NZ and Australia with time and income.
Camping sales across New Zealand and Australia has helped lift half-year revenue, says outdoor retailer Kathmandu.
Kathmandu Holdings Group chief executive Xavier Simonet has announced his resignation after five years with the company.
Same-store sales were hit by Covid and tourist restrictions with revenue down 26%, says the company.