KMD Brands shares jump on update, but analysts remain cautious

KMD Brands shares jump on update, but analysts remain cautious
KMD Brands owns Kathmandu, Rip Curl and Oboz Footwear. (Image: Supplied)
Gregor Thompson
KMD Brands shares rose after the retailer announced sales are improving and retained its full-year guidance. Shares briefly climbed 12% to 55 cents and last traded up 6% at 52 cents.In an unaudited preliminary trading update on the New Zealand Exchange (NZX) for the year to July 31, the group, which included Kathmandu, Rip Curl and Oboz Footwear, reported a 5% decline in final-quarter sales compared with the prior comparable period.This compares with an 11.1% decline in the third quarter and a 14.5% contraction in the first half of the yea...

More Retail

ANZ alternate capital review proposal unveiled
Finance

ANZ alternate capital review proposal unveiled

The bank argues its proposal would cut borrowing costs by 11 basis points.

Andy Macdonald 13 Oct 2025
Smiths City owes creditors $26.8m
Retail

Smiths City owes creditors $26.8m

The outlook for unsecured creditors of the former retail icon Smiths City appears bleak, as liabilities have mounted to more than $26.8 million.Liquidators for the century-old retailer stated in their initial report that 240 creditors were owed money by the company, as reported b...

Staff reporters 09 Oct 2025
Gourmet ice cream company out of flavour as sales melt
Retail

Gourmet ice cream company out of flavour as sales melt

Domestic sales, mainly to NZ supermarkets, plummeted by 94.65%.

Denise McNabb 06 Oct 2025