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Accent Group profits rise 18pc as sneaker sales soar

Sue Mitchell
Sue MitchellColumnist
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Accent Group is cementing its leadership of the $3.3 billion footwear market by lifting targets for new stores and online sales while exploring growth opportunities in Asia.

Chief executive Daniel Agostinelli conceded on Tuesday his guidance for mid-single-digit earnings (EBITDA) growth in 2019 was likely to prove conservative as Australia's largest footwear retailer opened more than 30 new stores and used its existing 446 stores to distribute online orders, beating rivals such as Amazon on same-day deliveries.

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Sue Mitchell writes the fortnightly Window Shopping column for the Financial Review and has covered retailing for over 30 years. Connect with Sue on Twitter. Email Sue at smitchell2045@gmail.com

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    Original URL: https://www.afr.com/companies/retail/accent-group-profits-rise-18-pc-as-sneaker-sales-soar-20180827-h14l2o