Ann: Market Update, page-3

Based on the Group’s current assessment of the operating environment and outlook, available liquidity (3) in excess of $300 million is expected at the end of this financial year.

In-store and online Sales are very strong.

Same store sales results for the last six full weeks from 18 May to 28 June 2020 (2), and adjusted for stores still closed

• Kathmandu same store sales up 12.5%, reflecting retail stores up 2.2%, and online up 78%.
• Online contributed 21.4% of direct to consumer same store sales.

• Rip Curl same store sales up 21.0%, reflecting retail stores up 5.1% and online up 151%.
• Online contributed 22.6% of direct to consumer same store sales.
• Ripcurl wholesale in international markets only real impact from COVID


So in a nutshell: Kathmandu and Ripcurl liquidity, in-store and online sales are very strong. Only Ripcurl wholesale impacted by lockdowns in international markets. Good, responsible and cautious market update.

This company has done WELL. Their scorecard has finished ahead of last year and considering they went global for the first time just this year prior to lockdown,its an example of good pivoting and strong management team leadership.

Very happy to be a holder.