Kathmandu Holdings' first-half result is being described by analysts as disappointing but expected, after the outdoor retailer posted a net loss of $1.8 million.

Waiheke's biggest landowner is challenging zoning classifications on parts of its holdings on the island's eastern tip in the Stony Batter Historic Reserve war fortifications vicinity.

Kathmandu's profit warning this week was a shocker, there's no doubt about it.

The New Zealand Superannuation Fund boosted its Kathmandu shareholding on Friday, lifting its stake by one percentage point to just over 6 per cent.

New Zealand shares rose yesterday, heading back towards a record high after a two-day slide.

Kathmandu lost more than a quarter of its market value yesterday after investors punished the outdoor retailer for poor Christmas and New Year trading that will result in a first-half loss.

Kathmandu's stock slumped 19 per cent to a two-and-a-half year low after the outdoor goods retailer said Christmas and January trading lagged behind expectations.

Kathmandu's shares have slipped to a near two-year low as the outdoor retailer blames low consumer confidence for a subdued start to Christmas trading in its Australian market.

Retailers are hoping positive economic conditions will offset a blustery and wet start to the spring and summer period.

What are the top 10 worst performing shares of 2014 so far? Find out with a graphic showing the biggest losers.

Kathmandu, which today posted a 4.5pc decline in annual profit, said Australasian earnings should rise in the coming year.

Kathmandu says a cold snap last month in Australia and New Zealand helped generate more sales than anticipated.

NZ shares rose yesterday, led by Goodman Property Trust, after the property investor said full-year net profit rose 72 per cent. Trade Me and Xero paced the gains while Ryman Healthcare fell ahead of reporting earnings today.

NZ shares were mixed yesterday as investors cast forward to next month's earnings season, and as regional markets mulled this week's Federal Reserve meeting.

New Zealand shares fell yesterday as the market joined a region-wide decline, and was paced by retailers after the Warehouse Group joined Hallenstein Glassons in issuing a profit warning.

Kathmandu was key to First NZ Capital taking out the top spot in the 2013 Broker Picks competition.

Kathmandu, the outdoor clothing retailer, says sales rose 0.9 per cent in the first 16 weeks of the year.