The Rip Curl, Kathmandu, and Oboz parent unveiled its “Next Level” strategy for FY’ 26-28 at its 2025 investor day, aiming to align each brand with consumer, product, and store format in every region under new CEO Brent Scrimshaw. A projected $25 million cost reset includes the organizational restructuring effort underway, and 21 underperforming stores are slated to close. Three-year targets call for a 60% gross margin and less than 50% of sales spent on SG&A, resulting in an EBITDA margin of at least 10%. Cost savings will fund about $15 ... Log in to view full article.