UPDATE: Kathmandu warns of slow Christmas trading in Australia, shares fall

Mon, 22 Dec 2014

(Recasts, adds comment) By Paul McBeth and Suze Metherell Dec. 22 (BusinessDesk) - Shares of Kathmandu Holdings plunged near a two-year low after the outdoor equipment retailer reported a slowdown in sales growth after a subdued start to Christmas shopping in its Australian market. The Christchurch-based company's year-to-date sales rose 14 percent as at Dec. 21, slowing from a pace of 19 percent as at Nov. 16, due to lower same-store sales in Australia over the past five weeks, it said in a statement. The shares dropped as much as 21 ...

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