Rip Curl and Kathmandu owner KMD Brands reported a slight improvement in trading over the last quarter of 2023-24, starting the 2025 financial year on sounder footing.
The group – which also counts US hiking boot chain Oboz in its stable – said sales for the year to July 31 fell 11.2 per cent to $NZ979.5 million ($890 million) across its three brands, including a June-quarter decline of 5 per cent.
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Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club. Connect with Carrie on Twitter. Email Carrie at carrie.lafrenz@afr.com
