CM – Kathmandu says Aust lockdowns are having an impact

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The outdoor items retailer in Kathmandu says sales and earnings have been impacted by the recent coronavirus lockdowns in Australia, particularly NSW and Victoria.

« COVID-19 continues to be a nuisance », CEO Michael Daly said in a statement on Tuesday.

Approximately 40 stores in NSW are closed due to a two-week lockdown that does not end until July 9th.

Consolidated sales for fiscal 2021 are now expected to begin with around 930 million, however, Kathmandu said its surf branded business, Rip Curl, is still maintaining a rising sales momentum and is « strong » in North America and Europe.

Kathmandu also owns the outdoor shoe brand Oboz, which also experienced strong trading conditions in the northern hemisphere.

Keywords:

Kathmandu,Lockdown,Kathmandu, Lockdown,,Retail,Kathmandu Holdings Limited,Coronavirus pandemic,,Companies, Kathmandu,,,Business,

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