CEO musical chairs
There’s been CEO changes revealed at two mid-tier ASX companies, with a surprising common factor.
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Kmd Brands Limited
The Kathmandu brand was born in 1987. Kathmandu Holdings formed in 2009 as a publicly listed company. Together with the acquisition of Oboz (2018) and Rip Curl (2019), Kathmandu Holdings has transformed from a leading Australasian retailer to a brand-led global multi-channel business.
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News
KMD Brands heads for major loss
NZ adventure-wear group, KMD Brands (ASX:KMD), is heading for a significant loss for the year to 31 July, despite a sales update showing a gradual improvement from the retailer’s mid-year slump.
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KMD Brands struggling
Outdoor clothing chain KMD Brands (formerly Kathmandu) has battened down the hatches with the end of the financial year in sight, as a sales recovery stalls and earnings slide.
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KMD Brands takes a dive
Kiwi-based sportswear retailer KMD Brands (ASX:KMD) has confirmed the weak guidance issued a month ago for a slump in sales and a big loss for the half year to the end of January.
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Is KMD Brands falling victim to global warming?
La Niña and its heavy rainfall transitioned to a brief El Niño in the latter half of 2023. However, since December, storms, cyclones, and heavy showers across much of the east and north of the country suggest a potential return to La Niña.
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KMD Brands achieves record revenue
KMD Brands (ASX:KMD), formerly known as Kathmandu, celebrated a milestone as it exceeded NZ$1 billion in annual revenue for the first time ever.
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KMD Brands warns of consumer spending slowdown
12 Jul 2023 - Sports and outdoor goods retailer KMD Brands (ASX:KMD) has issued a warning about a slowdown in consumer spending, aligning with similar concerns expressed by other ASX retailers.
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Bridge Street Bites: AAC, KMD
Positive spins from the country’s biggest beef operator and the erstwhile Kathmandu, with both ending higher in Thursday's trading session.
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KMD Brands Climbing Every Mountain
The end of Covid lockdowns and strong market recognition saw KMD Brands' trio of labels - the original Kathmandu, Oboz and especially RipCurl - power to a record first half performance.
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Market Murmurs: NUF, GNC, KMD
Three pretty upbeat stories from companies reporting to the market on Wednesday, with Nufarm, Graincorp and the erstwhile Kathmandu all seemingly in good shape.
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