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Tag: Kathmandu

Retail Asia14/10/2019
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Fashion

Kathmandu raises $96 million for Rip Curl acquisition

1min0
Kathmandu has raised nearly $96 million from institutional investors via a fully underwritten 1 for 4 pro rata accelerated entitlement offer to help fund its acquisition of Rip Curl. Eligible institutional shareholders took up 88 per cent of their entitlements, and 92 per cent of eligible institutional shareholders took up their entitlements in full, signaling strong […]
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Retail Asia01/10/2019
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Fashion

Kathmandu posts record profit

4min0
Strong sales growth in Kathmandu’s Australian business and North American wholesale operations drove another year of record profit for the outdoor apparel and equipment retailer. Just days after announcing it has become the biggest B Corp in ANZ, the retailer on Wednesday reported a 9.7 percent increase in total sales to NZ$545.6 million ($505 million). Gross […]
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Retail Asia23/09/2019
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Fashion

Kathmandu Australia joins B Corp movement

4min0
Kathmandu on Tuesday announced it has become a certified B Corporation, making it the biggest B Corp in Australia and New Zealand. B Corps are for-profit businesses that meet the highest standards of social and environmental performance, public transparency and legal accountability. Started in the US in 2006 as a way to raise awareness of […]
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Retail Asia21/08/2019
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Fashion

Kathmandu lifts same-store sales in FY19

3min0
Kathmandu has reported a 2.7 percent year-on-year increase in same-store sales in Australia in FY19, and a 3.9 percent decline in same-store sales in New Zealand year on year. Overall, group same-store sales grew 0.6 percent year on year in FY19, the outdoor retailer said in a trading update on its unaudited full-year results on […]
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Retail Asia21/05/2019
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General

Outdoor Retailers Fighting for Market Share

2min0
Outdoor retailers Kathmandu and Decathlon are vying for a piece of Australia’s ski and snowboard market this winter. Both businesses are launching inaugural snow collections, despite the fact that less than a million Australians regularly or occasionally ski or snowboard, according to 2018 data from Roy Morgan. On Thursday, Kathmandu launched its inaugural snow collection […]
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Retail Asia29/04/2019
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General

Kiwis less likely to be brand “fans” than Aussies

2min0
Customers in New Zealand are less likely to be “fans” of brands, and are more likely to be “disappointed” by their shopping experience than customers in Australia. This is the finding of a recent comparison of New Zealand and Australian customer insights by TruRating, a customer feedback provider that launched in New Zealand this week. The company found that […]
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Retail Asia03/04/2019
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Fashion

Oboz delivers profit growth for Kathmandu

5min0
Kathmandu saw strong sales and profit growth in its recently acquired footwear business, Oboz, in the first half of FY19. The US-based footwear brand, which the outdoor retailer acquired in April 2018, generated NZ$29.2 million (A$28.4 million) in sales in the six months to January 31, 2019, a 38.6 per cent increase on the previous […]
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Retail Asia19/03/2019
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Fashion

Kathmandu suffers a data breach, customers potentially exposed

2min0
An unidentified third-party has breached Kathmandu’s website and potentially accessed customers’ personal information and payment details, the outdoor retailer revealed on Wednesday. The business was alerted to the breach, which took place between January 8 and February 12, 2019, through bank fraud monitoring. A Kathmandu spokesperson told that the business is currently investigating how many […]
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Retail Asia11/01/2019
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Electronics

Kutchina opens second store in Nepal

1min0
Kutchina has opened its second store in Kathmandu spanning across 500 sq.ft. Targeting middle and higher income group customers, the store offers complete kitchen solutions including entire range of big appliances and modular kitchen. Look and feel of the store is a mixture of Kutchina’s modern concept with a traditional touch of Nepal’s rich culture. The […]
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Retail Asia19/04/2018
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Fashion

Kathmandu raises $50 million

2min0
Kathmandu Holdings will take up the full oversubscription in a share purchase plan, raising $50 million to help fund its purchase of US footwear supplier Oboz Footwear. The Christchurch-based company on Wednesday said it accepted $2 million in oversubscriptions for its share purchase plan, taking total subscriptions to $10m. That’s on top of $40m raised […]
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Retail Asia20/10/2017
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Fashion

Kathmandu smashes sustainability targets

5min0
Travel and outdoor apparel retailer Kathmandu has exceeded several sustainability targets in its latest report, also calling for industry-wide change in the adoption of driving sustainable innovations. In 2017 alone, Kathmandu recycled 3.9 million plastic bottles into gear, a three-fold increase on 2016 and outperforming its own 2017 target by 1.4 million. It also increased […]
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Retail Asia27/09/2017
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Fashion

Kathmandu lifts full year profit

3min0
Adventure gear retailer Kathmandu has posted a 13.5 per cent increase in full-year profit to NZ$38.04 million (A$34.8 million), helped by strong winter sales and improvements in promotions. Revenue for the 12 months to July 31 was up 4.6 per cent to NZ$445.35 million, the company stated. Earnings before interest and tax (EBIT) increased from […]
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Retail Asia25/07/2017
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Fashion

Kathmandu’s two for two director swap

3min0
Christine Cross and John Holland will retire from the board of outdoor apparel retailer Kathmandu, with the Kiwi-based retailer announcing replacement directors following an extensive international search. Holland has been a director of Kathmandu since the company’s Initial Public Offering in 2009 while Christine Cross has served as a director since 2012. The two new […]
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Retail Asia02/04/2015
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General

Kathmandu slows down Aussie expansion

1min
Outdoor clothing retailer Kathmandu is putting the brakes on its store expansion in Australia after racking up a first half loss. Disappointing sales at Christmas and in January as well as heavy discounting on excess winter stock were blamed by the retailer for pushing it into the red with a NZD1.8 million (USD1.4m) loss. The […]
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Retail Asia27/01/2015
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Fashion

Kathmandu names Xavier Simonet new CEO

2min
New Zealand-based outdoor clothing retailer Kathmandu on Friday announced the appointment of Xavier Simonet as the new CEO of the company. Simonet is currently the CEO of Radley, a London-based brand with a product range covering women’s handbags, luggage and a wide range of accessories. Simonet will relocate to Melbourne to take up the role […]
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