KMD - Kathmandu

[glennj]

Yes the vendors would have to be realistic with pricing to get an IPO away in this market.

However I think they've been encouraged by good performance cf. other retailers. GSJBWere released a communication last month on 14 July from which I quote;

"The board of Kathmandu has forecast a significant 20% increase in operating performance during FY09(July), to $42m EBITDA. Given the strength of the recent trading and the impact of a range of cost and pricing initiatives it is likely that Kathmandu's final result will be ahead of this budget, which will be an excellent result given the highly volatile and difficult retail environment.