Consumers are being extra cautious with their spending however Kathmandu, Rip Curl and Oboz footwear proprietor KMD Brands says gross sales nonetheless grew by double-digits within the third quarter.
The outside items retailer stated on Thursday group gross sales have been up 15.6 per cent from February 23 to April 23 and have been up 27.7 per cent within the 9 months to April 23.
Rip Curl gross sales rose 7.9 per cent within the quarter, Kathmandu gross sales jumped 11.3 per cent and Oboz boots gross sales have been up 120.3 per cent.
Gross margins have been resilient by means of the quarter, KMD Brands stated.
Online gross sales within the 12 months to January have been 14.1 per cent of all direct-to-consumer gross sales, at $NZ108.5m.
Online gross sales are down from the document ranges in the course of the pandemic, as shops have reopened, however have stabilised about two-thirds above their 2019/20 pre-COVID ranges, KMD stated.
The group has a long-term goal of on-line comprising one-quarter of all direct-to-consumer gross sales.
“We now begin our key Kathmandu winter and Northern Hemisphere summer trading periods,” stated group CEO and managing director Michael Daly.
“The group is well positioned to benefit from the return of international travel and tourism and is continuing to invest in the long-term international expansion of our brands.”
At 3pm AEST, KMD shares have been up 2.4 per cent to $1.06.
Source: www.perthnow.com.au
