Outdoor goods and clothing retailer Kathmandu Holdings' full-year earnings are expected to be down by nearly a third despite a strong sales recovery post the Covid-19 lockdown. Total group sales for the 10 months ended 31 May were down 15.1 per cent on the same period last year. Online and store sales for the last six weeks were up 21 per cent at Rip Curl, and 12.5 per cent at Kathmandu. Hagen Hopkins/Getty-Images Online and store sales for the last six weeks were up 21 percent at Rip Curl, and 12.5 percent at Kathmandu. It said despite a strong recovery in sales, it remained cautious about medium-term levels of consumer demand.

Source: Stuff July 02, 2020 21:22 UTC