KMD - Kathmandu

[huxley]

http://theregister.co.nz/features/ex...an-do-about-it

Interesting article highlighting a trend for consumers to favour experiences over stuff..

I guess this is an opportunity for Kathmandu etc al

[winner69]

Transcript of investor call

https://www.nzx.com/files/attachments/244400.pdf

Reading between the lines I get impression that analysts didn't get the answers they were after - or positive vibes to the issues they were probing

Read like profit growth (if any) is not coming from global stuff or outlet expansion in ANZ but from still fixing things up ......hmm

[IAK]

Macpac growth outstripping Kathmandu. http://www.nzherald.co.nz/business/n...3&objectid=117

I must say I do like Kathmandu travel clothes and accessories - good stuff.

[winner69]

Macpac growth outstripping Kathmandu. http://www.nzherald.co.nz/business/n...3&objectid=117

I must say I do like Kathmandu travel clothes and accessories - good stuff.

And Kathmandu would be drooling over these numbers that WHS put up re Torpedo7 -

Sales of $149m was +13% on FY15 performance and was underpinned by strong sales growth in both Torpedo7 and 1-day.co.nz.

Torpedo7 Stores delivered significant growth of +25% on FY15. The growing success of the Torpedo7 House Brand range a major contributor to this result

[IAK]

And Kathmandu would be drooling over these numbers that WHS put up re Torpedo7 -

Sales of $149m was +13% on FY15 performance and was underpinned by strong sales growth in both Torpedo7 and 1-day.co.nz.

Torpedo7 Stores delivered significant growth of +25% on FY15. The growing success of the Torpedo7 House Brand range a major contributor to this result

Like Torpedo 7 too, buy all my mountain biking gear through them.

[winner69]

Transcript of investor call

https://www.nzx.com/files/attachments/244400.pdf

Reading between the lines I get impression that analysts didn't get the answers they were after - or positive vibes to the issues they were probing

Read like profit growth (if any) is not coming from global stuff or outlet expansion in ANZ but from still fixing things up ......hmm

One of the issues probed by analysts was KMD's stock levels

Their stock management is still pretty abysmal

Stock turns a pretty low 1.5 times a year isn't very efficient. Jeez even pumpkin patch do a lot better than that, even with their sales declining at a fast rate.

Xavier really needs to get his 'product newness' and 'Just Enough' working better - else analysts won't be too impressed (ie no upgrades)

[winner69]

Just out a few paragraphs of Xavier's comments through the old buzzsaw

He does very well on that front - one of the highest use of buzzwords i have come across

Some research has concluded that high use of buzzwords by a company the greater the chance of underperformance

Put the same paragrahs through a readibility checker - interesting result (for a public announcement):

Your score is 18.4

That's really hard going. Your grade is about 12, which is at the same reading level as the Harvard Law Review. Chances are, you could do a few things to simplify it.

[huxley]

One of the issues probed by analysts was KMD's stock levels

Their stock management is still pretty abysmal

Stock turns a pretty low 1.5 times a year isn't very efficient. Jeez even pumpkin patch do a lot better than that, even with their sales declining at a fast rate.

Xavier really needs to get his 'product newness' and 'Just Enough' working better - else analysts won't be too impressed (ie no upgrades)

Fair enough although do you know what stock is taking longer to shift? A lot of KMD's inventory is "equipment" would you expect $500 tents etc to have the same turn around as the more fashion based retailers you compare with?

Granted it's an issue for them though..

[winner69]

Good read
https://www.nzx.com/files/attachments/245855.pdf

Support eliminating conventional cotton from their products.

Cotton hopelessly environmentally wasteful

[JayRiggs]

AGM about to start at 11am. Expecting a trading update too, as they have provided one around AGM time the past 3 years.