The parent company of Kathmandu, KMD Brands, announced it will be closing 21 stores across its global network as part of a major restructuring and cost- saving strategy aimed at turning around struggling sales and improving profitability. This closing is part of a broader plan called "Next Level," which focuses on reorganizing the store network, enhancing digital and data capabilities, and refreshing store designs. The 21 stores are among the more than 300 stores the company operates globally, and they are being shut to help achieve minimum cost savings of $25 million and to address difficult trading conditions faced by the company.
The specific locations or names of the Kathmandu stores closing, however, have not been detailed publicly in the sources available. The closures are part of an organizational restructure by KMD Brands that includes Kathmandu, Rip Curl, and Oboz brands. The retailer is aiming to improve its financial performance and shareholder value through this strategy.
In summary, 21 Kathmandu-related stores are closing globally as part of the parent company KMD Brands' restructuring plans announced in 2025, but exact store names or locations in Kathmandu city are not specified.
