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Cyber sales a necessary evil, says Accent boss

Carrie LaFrenz
Carrie LaFrenzSenior reporter
Updated

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Key Points

  • Revenue up 13.6% to $454.2 m
  • Pre-tax profit up 5.7% to $48.4m
  • NPAT up 4.3% to $33.6m
  • Interim Dividend up 16.7% to 5.25c

The boss of Accent Group – the name behind popular shoe chain The Athlete's Foot – said the cyber sales events are bad for the industry but demanded by consumers, and therefore the company is already planning for this year's events nine months out.

Accent is Australia's largest footwear retailer, with about 20 per cent of the market, and also owns Hype and Platypus shoe chains, which sell brands such as Nike, Skechers, Dr Martens and Vans.

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Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club. Connect with Carrie on Twitter. Email Carrie at carrie.lafrenz@afr.com

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    Original URL: https://www.afr.com/companies/retail/accent-ups-dividend-payout-as-profit-climbs-20200217-p541o7