Kathmandu Lowers Guidance on Weak December Sales
The down-under outdoor retailer tempered its profit expectations for the fiscal first half ending Jan. 31 after Dec. sales disappointed, pulling same store sales down 1.0% for the 22 weeks ended Dec. 30. Australian stores comped down 0.2% and New Zealand slid 2.4%, but retail gross margin was better than expected, gaining 60 ... Log in to view full article.
