Kathmandu shares climb as online sales soar

Thu, 02 Jul 2020

Kathmandu shares climbed more than 12 percent this morning after the retailer detailed strong sales recovery over the past six weeks and said it will stay profitable at an operational level for the rest of the year. Excluding stores that remain closed, Kathmandu's same store sales rose in six weeks ended June 28 from the same period in 2019 with online channels leading the boom. Rip Curl sales rose 21 percent, with online sales jumping 151 percent . Even its traditional retail stores registered 5.1 percent growth. The Kathmandu brand lift...

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