Chch Central city "hub" store... Oh man talk about listen to the tumbleweed. I've a lot of respect for their fronting up to being part of "the rebuild" but how long are they gonna be hanging solo in the big empty here for?
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Winter line up...
http://m.kathmandu.com.au/media/wysi...mit_NZ_WEB.pdf
Yeah, man. Nice catalogue and all but when's winter gonna actually get here. I had a plague of freakin' FLIES this weekend - it's May - in the South Island - unheard of. I reckon all the clothing retailers will be on bended knees asking for frosts and then more... The longer this Indian Summer lasts the more screwed they're gonna be. Winter is the big season for Kathmandu and they may find others hit the sale button early... It all spells reduced earnings.
Good post, I agree entirely. They've done a pretty good job on the marketing but I just don't see where the demand is going to come from. Sure some people will need to purchase if they're travelling somewhere cold but domestic (either Aust/NZ) sales look risky. It will be interesting to see how this situation is managed given the company's recent history dealing with lacklustre winter sales...
$1.78, I thought.
Rod's offer was:
Five Briscoe shares for every nine Kathmandu shares plus 20 cents cash for every Kathmandu share.
Bought some items recently online. Very impressed with the experience and the quality was pretty good. They could improve their overall presentation on the mail items but it was good overall.
The real gem is their online shop but I still think they need to "Amazon" the experience by building the feedback community for item reviews.
Interesting article behind the pay wall on NBR this morning. Unseasonably warmer weather affects clothing sales. Mentions Kathmandu as one with potentially the most to lose with winter sales but also HLG, PPL Briscoes and WHS.
Must admit it has been very very mild, in fact out and about yesterday in Auckland's domain it felt like late spring. Temperatures as much as two degrees C higher than average for the last couple of months and very warm sea temperatures around N.Z. were mentioned supporting the proposition that all of May and perhaps even June will continue to be unseasonably mild.
Implications for HLG that have already admitted mild weather is affecting sales and PPL on just 9 cps and others...interesting times for retailers.
Yes I have noticed that as well.
Thinking back to Rod Duke he is a pretty savvy retailer and I think him directing the show would be good for Kathmandu. Also buying/logistics synergies with his other brands. I also think he could leverage the community and increase their engagement with customers who are wanting advice on buying decisions.
He might return with another offer....