Kathmandu and Rip Curl stores to close today, laying off 1,300 employees


March 27, 2020 10:35:38

Adventure clothing and equipment chain Kathmandu is the latest retailer to stand down thousands of workers because of the coronavirus pandemic.

The retailer says all its Australian stores including its surf wear chain, Rip Curl, will shut by the close of business today.

Kathmandu has about 1,300 employees in Australia and 165 stores across Australia and New Zealand.

Most staff will be stood down without pay for four weeks and senior executives will see their salaries cut by 20 per cent.

Kathmandu said the closures were to protect the health and safety of staff and the community, in line with new social distancing measures imposed by the Federal Government.

Online retailing will continue and head office staff will work from home.

Kathmandu has already shuttered its stores in New Zealand, Brazil, North America and Europe.

More to come.






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