Yep beagle Kathmandu almost a non-event in NZ .....flat sales last 4 years and declining profits. This is in spite of a few more stores and this much touted increase in online sales.

Kathmandu sell twice as much (plus a bit) in Aussie than they do in NZ. All the recent profit growth has come from Australia.

An investment in Kathmandu is essentially an investment in Australia retail ....that’s where Kathmandu fortunes lie and the recent announcement announcement said that wasn’t going too well at the moment.