Kathmandu first-quarter sales rise 0.9 percent as crucial seasonal peak looms

Tue, 19 Nov 2013

Nov. 20 (BusinessDesk) – Kathmandu, the outdoor clothing retailer, said sales rose 0.9 percent in the first 16 weeks of the year, broadly meeting its expectations, as it looks forward to the crucial Christmas-January trading period to drive first-half earnings. Sales rose to $70.9 million in the 16 weeks ended Nov. 17 from $66.9 million in the comparable 15 week period a year earlier. Same-store sales rose 3.8 percent on a constant exchange rate basis, slowing from 13 percent a year earlier, the Christchurch-based retailer said in a statement...

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