March 27 (Reuters) - Kathmandu Holdings Ltd KMD.NZ :
* IN PROCESS OF CLOSING ITS AUSTRALIAN RETAIL NETWORK BY 5:00 PM ON MARCH 27
* ONLINE RETAIL IN AUSTRALIA, EUROPE AND USA CONTINUES
* WHILE COVID 19 HAD MINIMAL IMPACT ON EARNINGS FOR HY ENDING 31 JAN 2020, THERE IS LIKELY TO BE A MATERIAL ADVERSE IMPACT TO EARNINGS IN H2
* SENIOR MANAGEMENT ACROSS ALL BRANDS AGREED A 20% SALARY REDUCTION UNTIL FURTHER NOTICE
* IN ACCORDANCE WITH NZ GOVERNMENT GUIDANCE, ONLINE DISTRIBUTION IN NZ SUSPENDED
* IN AUSTRALIA, RETAIL STORE & HEAD OFFICE STAFF WITH EXCEPTION OF A SKELETON CREW, WILL BE STOOD DOWN, WITHOUT PAY FOR 4 WEEKS,
* TO SUSPEND DIVIDEND PAYMENTS UNTIL AFTER SUCH TIME AS MORE NORMAL TRADING CONDITIONS RESUME
* IN FRANCE, EMPLOYERS ARE ABLE TO TEMPORARILY RELEASE STAFF WHILE GOVERNMENT FUNDS MAJORITY OF EMPLOYEE SALARIES
* PLANNED CAPITAL EXPENDITURE HAS BEEN CANCELLED OR DEFERRED
* COVID-19 LIKELY TO HAVE MATERIAL ADVERSE IMPACT TO EARNINGS IN SECOND HALF OF FISCAL YEAR