Tag: KMD

These days when a retailer does poorly it’s a case of ‘Amazon is coming, Amazon is coming, quick sell retail, blame all our stumbles, the poor products and weak execution on Amazon’.

Outdoor clothing retailer Kathmandu (KMD) has already guided the market to expect a reasonable first half performance in a trading update in February and yesterday’s announcement of a 6% rise in net profit was achieved by cutting costs and a smaller interest bill.

Shares in Kiwi adventure clothing retailer Kathmandu (KMD) edged up half a per cent yesterday after the company produced a slightly stronger sales and profit guidance for the six months to January 29 than previously given.

Kathmandu (KMD) shares rose a solid 4% yesterday, reversing some of the recent 10% slide after the annual meeting in NZ heard the outdoor equipment and clothing group planned to concentrate much of its investment in Australia in the coming year.

As expected, NZ-based outdoor clothing retailer Kathmandu (KMD) returned to profit growth in 2015-16, lifting net profit 64.2% to $NZ33.5 million ($A32.5 million) after cutting costs and promotional pricing.

Outdoor clothing retailer Kathmandu has boosted its forecast profit for 2015-16 for a second time in five weeks.

NZ-based outdoor clothing and adventure wear retailer Kathmandu has further justified its opposition to last year’s takeover bid from a rival Kiwi retailer by revealing a sharply improved earnings forecast for 2015-16, with expectations of a 71.5% jump in profits for the year.

NZ-based outdoor wear retailer Kathmandu (KMD) has confirmed it’s hauled itself back onto the profit track after losing its way last year.

Does an improvement in Christmas trading justify Kathmandu’s (KMD) rejection of the $1.80 a share offer last year from fellow Kiwi retailing group Briscoe Group?

The stockmarket was pretty kind to shares in Kathmandu Holdings (KMD) yesterday.

New Zealand Rich Lister Rod Duke and his Briscoe Group will have to fork out more money if they are to win over fellow Kiwi retailer Kathmandu Holdings (KMD) which yesterday told its shareholders to reject the $324 million takeover offer.

Troubled NZ-based adventurewear retailer (and serial downgrader this past year) Kathmandu (KMD) saw its shares back in favour and on the up yesterday after receiving a takeover bid in its home country, NZ.

Despite a sharp improvement in its internet business, Kiwi outdoor clothing retailer Kathmandu Holdings (KMD) has incurred a first half loss after tax, as forecast by the company a month or so ago.

Shares in outdoor clothing retailer Kathmandu (KMD) took a pounding yesterday after the company again surprised with a downgrade.

Outdoor clothing and apparel group Kathmandu (KMD) yesterday revealed a net profit at the upper end of guidance thanks to a cold snap towards the end of June which boosted sales after they had been hit by the long, warm autumn.

The warm autumn and early winter in Australia, plus the downturn in consumer spending triggered by the Federal Budget has captured yet another retailer, with outdoor and adventure wear group Kathmandu (KMD) revealing a significant slide in sales growth and an actual fall in earnings for the 2013-14 financial year.

Is this a signal from retailing that the bad publicity about the budget and taxes, plus the corruption scandals in NSW, are starting to erode confidence?

Once or twice a year for the last three years, dual-listed retailer Kathmandu (KMD) produces figures that surprise the market and underline how its merchandising and retailing skills produce consistently better results than those from bigger, less specialised chains.

For some reason, the news that former Fairfax CEO and leading NZ businessman David Kirk had been appointed chairman of clothing retailer Kathamandu (KMD) didn’t please the market.

Trans Tasman clothing retailer Kathmandu (KMD) has provided yet another lesson to the moaners and groaners in the Australian retailing sector (such as Myer’s Bernie Brookes and Premier’s Solomon Lew) about superior sales and profit performance by producing one of the best results for the 2012-13 financial year.

In terms of the current spate of negative news and updates for the Australian retailing sector, outdoor retailer, Kathmandu Holdings surprised the market yesterday (well relative to the likes of grizzling Harvey Norman chairman Gerry Harvey) with the news that same store rates rose in the 16 weeks to November 21 from a year ago.

Another private equity retailing ‘success’ story bites the dust within a few months of being sold into the market.