The latest retailer to warn of chills to consumer spending

Liam WalshReporter

Updated Jul 12, 2023 – 2.25pm, first published at 1.59pm

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Key Points

KMD’s warning of sales slowdown matches commentary from some other ASX retailers.
Company argues gross margins remain intact; last year its margin was 58.9 per cent.

Sports and outdoor goods seller KMD Brands, the company behind Kathmandu and Rip Curl, has joined Adairs, Super Retail and Domino’s Pizza in warning of a consumer slowdown which has dampened June quarter trading.

Liam Walsh writes on investigations and companies with The Australian Financial Review. He has won multiple media awards, worked in Japan and is now based in Brisbane.