Kathmandu has experienced a slight increase in group sales for the first trading quarter of the 2014 financial year and will remain dependent on Christmas and the January trading to see better results.
Outdoor adventure retailer Snowgum has entered into voluntary administration appointing three administrators from Lawler Draper Dillon.
Outdoor clothing and equipment retailer Kathmandu has launched a new mobile website as a step to improve convenience and shopability for its growing mobile customer base.
In the midst of challenging conditions, Kathmandu continues to trade strongly, reporting a solid full year result for 2013.
Kathmandu’s managing director Peter Halkett has returned to work after being on sick leave since April.
Kathmandu managing director Peter Halkett has been granted extended leave of up to three months.
In a difficult trading environment Kathmandu has managed to achieved a sales and profit increase both in-store and online.
Kathmandu has announced with great sadness the death of chairman James Strong.
Kathmandu expects there’ll be an increase in earnings for the first half of the 2013 financial year.
Kathmandu has announced the appointment of Christine Cross as non-executive independent director.
Kathmandu has had a surprisingly successful first quarter after it announced sales earned for the period was $66.9 million.
The difficult trading period appears to be getting the best of most retailers with Kathmandu reporting a 10.7 per cent fall in its net profit after tax to NZ$34.9 million.
While sales soared 15.4 per cent to NZ$146.7 million, Kathmandu's net profit after tax is down to nearly half of what it was this same period last year.
Previously, Kathmandu customers needed to pay for delivery unless they ordered $150 worth of goods.
Kathmandu has had another positive turnaround reporting sales of NZ$56 million for the 15 weeks to 13 November 2011.
On the other end of the spectrum away from David Jones and Myer is Kathmandu who has reported a 32 per cent increase in EBIT to $64 million.
The company expects that EBIT to be between NZ$63 million and NZ$65 million, compared to $47.9 million for the previous year. This will be a 31 per cent to 36 per cent increase.
Kathmandu CEO Peter Halkett said the 13 week period ending 1 May 2011 was helped by "very favourable" weather in Australia and the Easter long weekend.
Kathmandu has re-opened its Riccarton store following the New Zealand earthquake on 22 February where it was forced to close. The only remaining store yet to re-open is on Cashel Street.
Outdoor clothing retailer Kathmandu has reported a 21.6 per cent increase in EBIT to $15.2 million, for the six months ended 31 January 2011.
The New Zealand-based company’s head office, distribution centre and retail stores were affected by the Christchurch earthquakes on 22 February.
Kathmandu said its performance for the six months to 31 January 2011 is expected to be "significantly ahead" of the same period last year.
Clothing and travel equipment retailer Kathmandu is planning to open another 12 stores in Australia and New Zealand to add to its 82-store network, ahead of its initial public offering and ASX listing.