Kathmandu, the outdoor equipment and clothing chain, said first-half profit will rise as much as 26pc after summer sales and improved margins.

Rumours of an executive level shake up at the Warehouse Group are beginning to circulate after poor Christmas sales forced it to cut earnings forecasts.

Christchurch residents who missed out on the Boxing Day sales because of the earthquake will have another chance to bag some bargains.

Warehouse shares have fallen after the retail giant said sales had fallen 2.7 per cent over the past two months.