KMD Brands says its Kathmandu brand had a “record performance” in its key winter period, but COVID-19 affected footfall in the third quarter and staff absences forced some store to close.
brand had a “record performance” in its key winter period, but warned that while trading conditions did improve in the second half, COVID-19 affected footfall in the third quarter and staff absences caused by illness forced some stores to close.
“Pleasingly, Kathmandu has experienced a record winter promotional period in Australia,” KMD group chief executive and managing director Michael Daly said. KMD said sales remain positive for both Rip Curl and Kathmandu, while Oboz is recovering from its three-month COVID-19 closure of Vietnamese factories in the first half.
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