KMD Brands Announces Closure of 21 Kathmandu Stores Amid Strategic Overhaul

KMD Brands, known for popular outdoor and surfwear labels Kathmandu and Rip Curl, has unveiled plans to shutter 21 Kathmandu stores as part of a sweeping strategic transformation. The decision forms a core part of the company’s effort to streamline operations, cut costs, and boost profitability. Currently, KMD.AX is trading at A$0.225, highlighting the need for these changes. We’ll explore the implications of these closures and how they tie into KMD Brands’ broader goals.