Kathmandu affirms 2016 profit growth guidance, tweaks marketing to reduce 'sales fatigue'

Thu, 19 Nov 2015

By Jonathan Underhill Nov. 20 (BusinessDesk) - Kathmandu Holdings, the outdoor clothing retailer that spurned a takeover offer this year, affirmed its guidance for 2016 profit growth after lifting gross margin in the first quarter, and said it would refresh its promotions strategy to reduce "sales fatigue" among customers. Net profit is forecast at $30.2 million for the year ended July 31, 2016, a partial recovery from 2015 when profit slumped 52 percent to $20.4 million, the company told shareholders at their annual meting in Christchurc...

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