The company still trades in Britain through its website and on Amazon.co.uk,and Mr Simonet said it was not considering opening any Kathmandu stores offshore.
Kathmandu has also been selling product on Amazon Australia since it started trading in December,but Mr Simonet said it was too early to assess its performance through that channel.
Bricks and mortar had driven strong sales and earnings growth in the six months ending January 31,Kathmandu revealed on Tuesday.
While some retailers have been crying foul about rent,with Premier Investments threateningmass stores closures if landlords did not agree to better rates,Kathmandu said it was not having the same issues.
“Obviously we’re enjoying strong growth… so we’re not in the same situation as other retailers that are struggling,” Mr Simonet said.
Net profit jumped $NZ2.3 million to $NZ12.3 million,with strong sales momentum continuing from the end of Christmas.
The retailer had grown earnings by hitting the balance between growing sales and improving its profit margin,Mr Simonet said.
Total sales grew 3.7 per cent in Australia and 1.9 per cent on a same-store basis,which strips out the effect of stores opening and closing.
But in New Zealand it fell 6.4 per cent in gross terms and 6.3 per cent on a same-stores basis,which the company said was due to lower levels of clearance stock in the first quarter.
Sales had bounced backed in the last six weeks of the half to 1.9 per cent,however.
In a trading update,Kathmandu said same-store sales in the six weeks to March 11 grew 7.5 per cent in Australia,and 5.1 per cent in New Zealand.
The company said the Oboz purchase would be funded through a fully underwritten $NZ40 million placement of ordinary shares,and a non-underwritten $8 million"share purchase plan".
As well as the initial $US60 million,there's an additional $15 million earn-out if Oboz reaches its financial milestones.
The company's shares entered a trading halt ahead of the equity placement,and will remain so until it announces the outcome of the book build.