ASX Announcements
SPH Notice - New Zealand Superannuation Fund Nominees Ltd
Change in substantial holding
Change in substantial holding
Notification of Results/Reporting Date
Notification of cessation of securities - KMD
Appendix 3H (Notification of cessation of securities)
January
Rip Curl, Kathmandu sales recover, but earnings tipped to fall
Sales through Black Friday and the Christmas trading period improved but parent group KMD Brands is still facing a big drop in first-half earnings.
August 2024
Kathmandu, Rip Curl owner ends grim year with June quarter recovery
New Zealand’s KMD Brands said sales across its three retail chains fell 11 per cent over the 2024 financial year, but improved in the final three months.
June 2024
GyG’s winning bank; PM addresses gas risk; It’s Bullock v burritos
Read everything that’s happened in the news so far today.
Sluggish spending sends Kathmandu, Noni B profits to the wall
KMD Brands and Mosaic Brands, which both run a number of major clothing chains, are warning of steep falls in earnings as customers stay away from stores.
March 2024
Kathmandu’s global expansion on hold after KMD slides into the red
The company, also behind the Rip Curl and Oboz boots brands, said new product development could reverse the decline in sales and earnings.
February 2024
KMD shares crumble to all-time low as weather wreaks havoc on sales
Unseasonably warm weather hurt sales of puffer jackets at Kathmandu, compounding an already weak consumer environment.
December 2023
Prominent rag trade family pursued ex-KPMG dealmaker Jon Adgemis
Monaco-based Richard Gazal has taken the businessman, who now runs Public Hospitality Group, to court. Adgemis says the matter has almost been resolved.
KMD dives to lowest since 2020 after sales drop 12.5pc
The owner of Rip Curl and Kathmandu says orders from its wholesale customers have dried up, while sales of rainwear and puffer jackets were weak due to warmer weather in Australia.
October 2023
Rewards schemes race to beat new privacy laws
Changes to privacy laws could fundamentally change the way retailers collect and use customer data gleaned from loyalty programs.
September 2023
Kathmandu and Rip Curl owner says discounting on the rise in retail
KMD Brands CEO Michael Daly says the hotter weather is a plus for Rip Curl, although there is general softness in consumer sentiment.
July 2023
The latest retailer to warn of chills to consumer spending
KMD Brands, a seller of puffer jackets and camping gear, says consumer sentiment – and a warm winter – are dampening sales.
The fashion brand selling clothes otherwise destined for the bin
Returns are a headache for retailers and a sustainability nightmare. A pilot program by Kathmandu aims to repair damaged clothing to sell again.
May 2023
Great outdoors: KMD Brands sales climb double-digits in third quarter
All three of its brands gained in the three months to April 30, but the key winter period lies ahead for Kathmandu and the northern hemisphere summer for Oboz and Rip Curl.
Kathmandu looks to Crocs for new CEO
KMD Brands has named a former executive at the shoe business, Megan Welch, as the head of its camping and hiking arm, Kathmandu.
March 2023
Record half for Rip Curl, Kathmandu owner
KMD boss Michael Daly says outlets are performing strongly which points to some consumer distress.
Rip Curl, Kathmandu gain B Corp status in ESG push
One of the surf brand’s achievements is its wetsuit take back program, in which old wetsuits get repurposed into soft foam landing for kids’ playgrounds.
November 2022
Rip Curl, Kathmandu owner says China a possible goal as sales surge
While camping and outdoor activities have become one of the hottest new trends in China, KMD Brands will focus on its core international markets.
October 2022
Ex-DJs boss rules himself out of running Myer
The outgoing boss of Brandbank Group and former David Jones CEO David Thomas says he is not angling for the top job at Myer.
Kathmandu looks beyond Boomers to Millennial outdoor enthusiasts
The retailer wants to open ten flagship stores overseas as it seeks a larger slice of the $US300 billion ($475 billion) outdoor/active market.
April 2022
Inside the falling out between the rock-star banker and eco-warrior
Kathmandu founder Jan Cameron and her adviser, Jon Adgemis, were one of Australia’s oddest friendships. After a decade, they had a vicious falling out. Why?