The more I see the shareprice get hammered and the P/E contracting the mote I’m expecting Rod Duke to swoop in with a great takeover
Printable View
The more I see the shareprice get hammered and the P/E contracting the mote I’m expecting Rod Duke to swoop in with a great takeover
"There has been a recent significant reduction in footfall in Australian and New Zealand stores."
Footfall? This is the type of thing that really annoys me. Foot traffic used to be bad enough. I want to be known as a customer-not just a pair of feet-clumping about the shop.
Last week when I visited a Kathmandu store I must admit there wasn't much footfalling going on.....
It was a Monday though.
Some good bargains too.
I also hate being a punter or a bum on seat (as opposed to a bum on a seat...…).
Kathmandu cutting costs. Smiths City in trading halt and in talks with ASB.
As expected, retail feeling the pains.
https://www.stuff.co.nz/business/industries/120630538/retailer-smiths-city-in-trading-halt-in-talks-with-asb
Considering their product portfolio (aligned with travel & adventure) IMHO Kathmandu is in a poorer position than other retail to dig themselves back out of this.