All Kathmandu articles – Page 2
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News briefs
Winners of OR’s fourth annual Innovation Awards
The winners of the fourth Outdoor Retailer Innovation Awards were announced Jan. 27, 2022, during the OR Snow Show in Denver, Colorado. Eddie Bauer’s new BC Flyline Jacket and Bib, developed in close collaboration with alpine sit-skier Trevor Kennison to meet the needs of adaptive skiers, were named Product of ...
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Article
Kathmandu Holdings publishes 2021 sustainability report
Source: Kathmandu Kathmandu Holdings Ltd. sustainability report 2021 In its 2021 sustainability report, Kathmandu Holdings provides insight into the CSR and sustainability progress of its three brands, Kathmandu, Oboz and Rip Curl. The group undertook its first Environmental, Social and Governance (ESG) materiality assessment this year, conducted ...
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News briefs
Kathmandu still sees H1 profits falling
Kathmandu Holdings confirmed it still anticipates profits for the first half ending Jan. 31, 2022, to be lower than the year earlier, after the new financial year began with widespread lockdowns throughout Australasia and Covid-related strains for its supply chain. “The group’s brands are well-positioned to capitalize on growing participation ...
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Article
Kathmandu’s sales rise 15% on surfing, hiking boom, but outlook uncertain
Kathmandu Holdings said in a preliminary annual report that its sales increased by 15.1 percent to 922.8 million New Zealand dollars (€551.4m-$646.6m) in the full year ended July 31, 2021, as its Rip Curl and Oboz brands benefitted from a boom in surfing and higher participation in hiking, respectively. Instead, ...
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News briefs
Kathmandu kicks off circular mapping project
Kathmandu is partnering with The Renewal Workshop on a new circular mapping project across Australia and New Zealand. The project is set to establish renewal and recommerce programs for Kathmandu’s customers in the two countries in the future. The initiative is said to be the first of its ...
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Article
Rip Curl still an engine of growth for Kathmandu
Rip Curl continues to support the performance of Kathmandu Holdings . Acquired in October 2019, it allowed the Australian group to improve its revenues for the six months ended on Jan. 31, 2021, as it did before. The group’s total revenues progressed by 12.9 percent from the year-ago ...
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Article
Rip Curl continues to support Kathmandu’s performance
The acquisition of Rip Curl in October 2019 was a good one for Kathmandu Holdings . In a preliminary trading update, the Australian group said that its revenues for the six months ended on Jan. 31, 2021, progressed by 12 percent from the year-ago period, as Rip Curl’s strong ...
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Article
Outdoor industry stocks among the winners of 2020
While the outdoor industry had a very difficult start of the year in 2020, when the pandemic forced Europe and America to adopt strict lockdowns, it bounced back significantly in the summer when restrictions were lifted, as people looked to escape crowds in the outdoors. The combined market capitalization of ...
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News briefs
Kathmandu Group’s CEO is resigning
Kathmandu Holdings , the owner of the Kathmandu , Rip Curl and Oboz brands, has announced the resignation of its group chief executive, Xavier Simonet . After five and a half years with the company, Simonet has decided to pursue another opportunity in the Australian Public Service ...
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Article
Kathmandu’s revenues keep surging thanks to surf label Rip Curl
Following record sales for its financial year ended on July 31, boosted by the acquisition of Rip Curl in October 2019, Kathmandu Holdings kept the momentum going during the start of its new financial year. In a trading update, the company said that revenues for the first fiscal ...
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Article
Kathmandu benefits from Rip Curl and online; publishes sustainability report
It was the acquisition of Rip Curl that helped Kathmandu Holdings to raise its total sales by 48.7 percent to 801.5 million New Zealand dollars in the “transformational” financial year ended on July 30, with the action sports brand contributing sales of NZ$ 315.7 million (€178.2m-$210.6m) in the ...
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Article
Kathmandu’s revenues soar thanks to Rip Curl’s acquisition
Kathmandu Holdings scored record sales for its financial year ended on July 31 2020, boosted by the acquisition of Rip Curl during the period. The group’s revenues soared by 48.7 percent to 801.5 million New Zealand dollars (€451.6m-$526.8m), with Rip Curl accounting for 40 percent of the total turnover, ...
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Article
Online sales support Kathmandu and Rip Curl
Kathmandu Holdings told investors that it expects a 30 percent drop in adjusted Ebitda for the current financial year, in spite of strong online sales during the recent corona-related retail lockdowns in Australia and double-digit sales increases overall after its stores reopened. While it is still more than half ...
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News briefs
A boom in e-commerce for Kathmandu
Kathmandu , the new owner of Oboz and Rip Curl , said its sales over the internet jumped by between 250 and 300 percent in April because of the coronavirus lockdowns, with the domestic Australian market growing the most. Only two of its 327 stores are now closed, ...
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News briefs
Kathmandu launches equity increase
Kathmandu is raising additional funds, for a total of NZ$ 207 million (€112.5m-$121.3m) through a series of placements with institutional and other shareholders, offering 1.2 shares for each share in their possession. Institutional shareholders have already taken up 96 percent of their entitlements under a first tranche that ended ...
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Article
Kathmandu’s sales jump by 52% on Rip Curl acquisition
Kathmandu Holdings had record sales and profit for the first half of its financial year, ended on Jan. 31 2020, boosted by the acquisition of Rip Curl during the period. Revenues were also driven by a good performance by its New Zealand business and robust sales at Oboz ...
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