Latest Apparel News

KMD Brands has successfully completed a $44.2 million institutional equity raise as part of a larger $58.5 million entitlement offer, setting the stage for its retail offer opening next week.

KMD Brands has requested a voluntary suspension of its shares on both the NZX and ASX as it finalises a capital raise, refinancing, and its half-year financial results. The suspension aims to maintain market order while key details remain under negotiation.

KMD Brands Limited has announced plans for a capital raise via placement and AREO, coinciding with its upcoming half-year financial results. The company has requested a trading halt as it finalises the terms.

Myer Holdings reports a strong first half with total sales up 24.5% and underlying NPAT rising 21.7%, driven by brand expansion and strategic investments. The group’s growth strategy remains firmly on track amid ongoing market challenges.

Premier Investments reported a modest 0.38% rise in net profit from continuing operations for the half-year ending January 2026, alongside a 3% increase in revenue and a fully franked interim dividend of 45 cents per share.

Universal Store Holdings has reported a robust first half of FY26, with sales and profits climbing significantly across its key brands, supported by margin gains and strategic investments.

Lovisa Holdings Limited has announced a 50% franked ordinary dividend of AUD 0.53 per share for the six months ending 28 December 2025, with payment scheduled for late March.

Wesfarmers has reported a 9.3% rise in net profit after tax to $1.6 billion for H1 2026, driven by robust performances in Bunnings, Kmart Group, and lithium operations. The company also announced a 7.4% increase in its interim dividend amid ongoing cost pressures and strategic AI partnerships.

Vicinity Centres reports a robust FY26 interim profit of $805.6 million, driven by strong leasing and portfolio premiumisation, including the strategic acquisition of Uptown in Brisbane.

Step One Clothing Limited reported a sharp turnaround to a $8.468 million loss for the half-year ending December 2025, driven by a 24.5% revenue decline and inventory challenges. The company suspended dividends, citing the need to restore retained earnings.

KMD Brands reports strong sales momentum in the first five months of FY26, led by Kathmandu’s impressive growth in Australia and New Zealand, while EBITDA guidance signals a significant profit uplift.

Merino & Co. reported steady progress in Q2 FY26 with growing demand from China and ongoing investments in brand and manufacturing, despite a tightening cash position.