Business
Kathmandu rides Rip Curl wave as COVID-19 batters sales – Sydney Morning Herald
The recent acquisition of surf retailer Rip Curl has emerged as a bright spot for the outdoors retail group.
The acquisition of surf retailer Rip Curl has emerged as a bright spot for outdoors retail group Kathmandu, which has continued to be battered by COVID-induced store closures and weaker consumer spending.
In a trading update ahead of its annual general meeting on Wednesday, the company revealed that total sales across its Kathmandu, Rip Curl and Oboz brands had surged 72 per cent in the first quarter of the new financial year.
However, this was primarily driven by wholesale sales at Rip Curl, which…
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