KMD Brands, parent of Kathmandu, Rip Curl and Oboz, has posted a $20 million half-year loss despite growing sales year-on-year, a result the company puts down to struggling consumer confidence and wholesale channels.

However, the company believes the momentum is building, with Kathmandu’s sales continuing to improve despite the downturn.

Milford Asset Management's Jeremy Hutton explains further.

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