KMD Sales Improve in Q3, Boosted by Next-Gen Store Format
The Rip Curl, Kathmandu, and Oboz parent revealed that it has launched a business review, and may consider further capital structure changes or possible changes to its brands portfolio. In the meantime, operating results continue to improve, with sales in the fiscal third quarter ended Apr. 26 growing 5.2%. Rip Curl, fresh off rejecting Stokehouse’s proposal to buy the brand, grew 4.0%, while Kathmandu increased 12.0%, but Oboz was down 8.9%. Rip Curl and Kathmandu’s direct-to-consumer same-store sales for the year so ... Log in to view full article.