KMD Brands Announces Closure of 21 Kathmandu Stores Amid Strategic Revamp

KMD Brands, the owner of notable outdoor brands Kathmandu and Rip Curl, has announced plans to close at least 21 Kathmandu stores. This move is part of a broader strategy to reduce operational costs and enhance profitability. With [KMD.AX](https://meyka.com/stock/KMD.AX) trading at A$0.24, marking a 6.67% daily increase, the company aims to reposition itself effectively in a challenging market landscape. This decision underscores the current retail environment’s complexities and KMD’s need to adapt.