This comes after the retailer updated its payment terms for suppliers.

Kathmandu has delivered double-digit same store sales growth for the first time in over two years.

The brand’s total sales hit NZ$291.4 million, driven up thanks to FX movements.

Kathmandu and Rip Curl's parent company wants to raise NZ$65.3 million in new equity.

“The cut will make a meaningful difference in the short term, particularly for small retailers," ARC CEO Chris Rodwell said.

Luxottica has 21 franchisees and 387 franchisor-owned or operated units operating across Australia.

This follows recent major updates for the department store’s beauty category.

“It will be much more difficult to replicate the current growth in the months ahead," chairman Warren Bell shared.

Shark Beauty has returned as the presenting partner, with some runways being open to the public.

The owner of Kathmandu and Rip Curl was supposed to release its audited half-year FY26 trading update on Wednesday last week.

Over 90 per cent of retailers are seeing rising freight costs, according to a pulse survey by the Australian Retail Council.

The brand is now eyeing international expansion, particularly in the United States.

“Responsible sourcing is fundamental to how we operate,” Big W sustainability delivery lead Andrew Whale says.

“Not all art was meant to stand still," founder and creative director Camilla Franks said.

Retail was a key driver, but Lorna Jane's smaller wholesale segment had a sales jump of 68 per cent.

The maison has held the spot since 2017.