Oh dear .....H1 looks like a loss situation
Bloody dry hot weather .....normalised profits allowing for weather would have been quite high.
Printable View
Oh dear .....H1 looks like a loss situation
Bloody dry hot weather .....normalised profits allowing for weather would have been quite high.
I'm not sure 'disappointing' is the right word. My guess is that KMD will be going on sale today - 20 - 30% off. A further sale of 10-30% off already discounted prices will start tomorrow. ;)
Thank God for gut feel.Quote:
My gut feel says its too risky to try and catch a falling knife. With profit uncertainty hanging over the company and no further planned company updates forthcoming till February the risk appears to remain to the downside notwithstanding its more than halved in value from $3.90 in May 2014. I think it will be a buy at some stage but could test early 2012 lows at around $1.50 in the meantime. On a risk reward basis I don't see any harm in waiting till its broken back through on the upside of the 100 day MA, whenever that might be... Roger 16 January
With respect mate I don't think anyone knew for sure whether we'd be talking about a loss situation for the first half, I had my suspicions, see above post.
Good gear but quite over-priced and very vulnerable to the ongoing groundswell of buying stuff on the internet. Also unless brand names offer quality and fair value I think customers are drifting more towards value products.
Don't think they ever lost money before.
On line sales are awfully discounted as well .....seems more a ongoing clearance sale
Interesting commentary around gross margin's which appear to be under serious pressure...at a time when the Aussie and Kiwi dollars were quite strong ???. Both currencies have had a meaningful correction thus far in 2015 which won't help KMD with their margin going forward.
What if it is nothing to do with the weather, and more to do with the damage they have done to the brand by always having massive 50% off sales. I don't rate their gear at all, and never buy for myself if the purchase is something I will use longterm. Have been buying quality gear online via the US, and shipping via youshop when the retailer wont ship directly. I only buy Kathmandu stuff for the kids as they will grow out of it quickly.
Yep Couta1 I'm pretty sure W69's comment was meant to be firmly tongue in cheek...along the lines of normalised win percentages for SKC.
In my view apparel companies blaming the weather is wearing very thin as an excuse. Seasonal weather is NEVER perfect and stock mix and promotional campaigns should account for that. Still....if we get a really frigid winter we'll all be out buying Kathmandu jackets and it'll all come right...unless of course we get the usual warmer winter than normal due to ongoing global warming :eek2:
I‘d agree with that, just walking past the Papanui store a few times a week, outside of sale time the patrons do consistently seem to be mostly those just off a plane and stocking up their campervans.
The locals just wait for 80% off sales as at present, if they haven’t developed a natural caution. Such a wide ranged pricing model just seems to make folk a bit uncertain and jaded about what is really value and what is really quality.
Perhaps a new CEO will turn it all around and provide better clarity as to what the target market really is.
Are they a camping store for tourists, or are they are retail vendor of high end quality goods for New Zealanders and Australians.
Can’t be both IMO, but there is room to split the brand and carve off stores near the airports and tourist trails under different branding.
Even when I was a shareholder, I would never buy anything at full price and would treat Kathmandu sale prices as "normal trading" prices. I would feel a mug if I bought something that was not on sale. Even when sales were on, the shops seemed empty. I found I was buying minor items on sale near Christmas as stocking fillers. I thought the quality and design of items was good but as I was not buying them, I must admit I was not comfortable remaining a shareholder: I suppose more of a gut response as opposed to financial reasoning and analysis.