ASX Announcements
March
- Updated
- Earnings season
Kathmandu’s global expansion on hold after KMD slides into the red
The company, also behind the Rip Curl and Oboz boots brands, said new product development could reverse the decline in sales and earnings.
- Updated
- Carrie LaFrenz
February
KMD shares crumble to all-time low as weather wreaks havoc on sales
Unseasonably warm weather hurt sales of puffer jackets at Kathmandu, compounding an already weak consumer environment.
- Carrie LaFrenz
December 2023
- Exclusive
- Food & drink
Prominent rag trade family pursued ex-KPMG dealmaker Jon Adgemis
Monaco-based Richard Gazal has taken the businessman, who now runs Public Hospitality Group, to court. Adgemis says the matter has almost been resolved.
- Primrose Riordan
KMD dives to lowest since 2020 after sales drop 12.5pc
The owner of Rip Curl and Kathmandu says orders from its wholesale customers have dried up, while sales of rainwear and puffer jackets were weak due to warmer weather in Australia.
- Carrie LaFrenz
October 2023
- Opinion
- Retail
Rewards schemes race to beat new privacy laws
Changes to privacy laws could fundamentally change the way retailers collect and use customer data gleaned from loyalty programs.
- Sue Mitchell
September 2023
Kathmandu and Rip Curl owner says discounting on the rise in retail
KMD Brands CEO Michael Daly says the hotter weather is a plus for Rip Curl, although there is general softness in consumer sentiment.
- Simon Evans
July 2023
The latest retailer to warn of chills to consumer spending
KMD Brands, a seller of puffer jackets and camping gear, says consumer sentiment – and a warm winter – are dampening sales.
- Updated
- Liam Walsh
The fashion brand selling clothes otherwise destined for the bin
Returns are a headache for retailers and a sustainability nightmare. A pilot program by Kathmandu aims to repair damaged clothing to sell again.
- Lauren Sams
May 2023
Great outdoors: KMD Brands sales climb double-digits in third quarter
All three of its brands gained in the three months to April 30, but the key winter period lies ahead for Kathmandu and the northern hemisphere summer for Oboz and Rip Curl.
- Carrie LaFrenz
- Exclusive
- Executive shake-up
Kathmandu looks to Crocs for new CEO
KMD Brands has named a former executive at the shoe business, Megan Welch, as the head of its camping and hiking arm, Kathmandu.
- Carrie LaFrenz
March 2023
Record half for Rip Curl, Kathmandu owner
KMD boss Michael Daly says outlets are performing strongly which points to some consumer distress.
- Carrie LaFrenz
- Exclusive
- Emissions
Rip Curl, Kathmandu gain B Corp status in ESG push
One of the surf brand’s achievements is its wetsuit take back program, in which old wetsuits get repurposed into soft foam landing for kids’ playgrounds.
- Carrie LaFrenz
November 2022
Rip Curl, Kathmandu owner says China a possible goal as sales surge
While camping and outdoor activities have become one of the hottest new trends in China, KMD Brands will focus on its core international markets.
- Carrie LaFrenz
October 2022
- Exclusive
- Retail
Ex-DJs boss rules himself out of running Myer
The outgoing boss of Brandbank Group and former David Jones CEO David Thomas says he is not angling for the top job at Myer.
- Carrie LaFrenz
Kathmandu looks beyond Boomers to Millennial outdoor enthusiasts
The retailer wants to open ten flagship stores overseas as it seeks a larger slice of the $US300 billion ($475 billion) outdoor/active market.
- Carrie LaFrenz
April 2022
Inside the falling out between the rock-star banker and eco-warrior
Kathmandu founder Jan Cameron and her adviser, Jon Adgemis, were one of Australia’s oddest friendships. After a decade, they had a vicious falling out. Why?
- Carrie LaFrenz and Max Mason
March 2022
Kathmandu, Rip Curl boss flags price rises as inflation bites
KMD Brands, owner of the action sport names, has already lifted prices to protect margins as input and freight costs climb.
- Updated
- Carrie LaFrenz
- Exclusive
- Fashion retail
Kathmandu sheds its name in move to the global stage
The new name KMD Brands better reflects the group as a multi-brand owner as it eyes growth in the US market.
- Carrie LaFrenz
February 2022
Kathmandu sales rebound but Oboz hit by Vietnam shutdowns
About half of the orders for Oboz hiking boots couldn’t be filled, but in the past three months the Kathmandu brand had a 15.1pc sales rise.
- Simon Evans
November 2021
Businesses fear omicron may trigger flare-up of pallet squeeze
Toy seller Kidstuff ordered up big much earlier than usual and after heartburn in lockdowns with bulging stock levels, it is now ready for Christmas.
- Simon Evans, Carrie LaFrenz and Jenny Wiggins
