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Kiwi brands Kathmandu and Cactus Outdoor have created a new line of apparel made in New Zealand to celebrate the inaugural NZ Made Day. Launching today, NZ Made Day is a new annual event dedicated to celebrating products made by New Zealanders. Ryan Jennings,…
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…
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…
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…
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…
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…
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…
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…
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…
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…
Outdoor retailer Kathmandu has seen sales fall over the first 15 weeks of the 2019 fiscal year after sales during the December Summer Sale failed to reach expectations, deflating the retailer’s projections for 1H2019. Same store sales for the 22 weeks ending…
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…
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…
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…
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…
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…
