KMD Brands’ Sales Declines Moderate
The Rip Curl, Kathmandu, and Oboz parent said that sales for the five months ended Dec. 24 ticked down 2.5%, as wholesale continues its struggles, partially offset by improving direct-to-consumer. All segments declined, with Rip Curl down 2.9%, compared to the 6.7% slide in Q1, Kathmandu down 0.4% (-2.7%), and Oboz down 7.7% (-8.6%). Rip Curl sales in the key Christmas trading period grew 2.2%, while global DTC was up 2.4% against last year. Kathmandu ... Log in to view full article.
