KMD Brands Maps Future as Q3 Sales Grow
Total sales grew 16% in the three months ended Apr. 23, with Rip Curl up 8%, Kathmandu increasing 11% and Oboz soaring 120%, the company reported ahead of its 2023 Investor Day. The group set out medium-term targets for growth, including growing the Kathmandu fleet in Australia and New Zealand to 200 stores and expanding the brand’s international sales to NZ$100 million ($63 mm) from just NZ$1.7 million presently. North America will be Rip Curl’s main target, aiming to grow sales to NZ$200 million here from $146.4 million last year, through ... Log in to view full article.