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January
Sales growth slows at Hype DC, Platypus shoe chain owner
ASX-listed retailer Accent Group turned to higher promotions to attract shoppers, but at the expense of its profit margins.
Young people are the happiest customers. 3 charts show why
Despite the cost of living, a cohort of Australian consumers is still willing to splash out $250 on a swimsuit. What’s fuelling their spree?
October 2024
Foot Locker goes all in on basketball with new Melbourne mega-store
The American sporting giant is hoping to grab the attention of a generation of shoppers who have more choices than ever for where to buy their sneakers.
August 2024
Billionaire Blundy offloads big Accent stake to British retailer
Brett Blundy has sold his shareholding in ASX-listed Accent, which is behind the Hype DC and Platypus chains, to London’s Frasers Group.
July 2024
Bombed out retailers stage comeback ahead of results season
There is plenty of pressure on household budgets, but retailers from Universal Store to shoe chain owner Accent Group say trading is picking up.
Blundy’s Accent Group plots overseas expansion with Nude Lucy
The move would be the first time that the company, better known for its shoe brands including Platypus and The Athlete’s Foot, has operated in another market.
January 2024
Brett Blundy hires Mark McInnes as golden handcuffs come off
McInnes is cautious about the consumer outlook, but says the retailers inside the empire of his billionaire new employer have the three traits needed to win.
November 2023
Why Black Friday discounts could come back to bite retailers
In a desperate attempt to boost lacklustre sales, retailers have turned what was originally a short, sharp shopping promotion into an extended margin-sapping clearance sale.
Accent shares tumble 10pc as wholesale sales dry up
The name behind Hype, Platypus and Hoka shoe chains says wholesale sales are under pressure, reflecting softer consumer demand.
September 2023
Retailers hope new stores will beat the spending blues
New stores are helping retailers grow topline sales but if conditions deteriorate, they may drag on earnings.
This ugly shoe is taking over the world, and making Brett Blundy a motza
From the French Alps to Bondi Beach, Hoka’s popularity is booming. Its local distributor, Accent, has plans to open up to five stores over the next 12 months
August 2023
Strong profits restore hope in soft economic landing
With four workdays left in this reporting season, most companies are doing better than expected, but China’s economy and WA’s labour shortage worry investors.
June 2023
Amazon moves closer to $5.5b Australian milestone
A perfect storm is brewing for the US retail giant to gain more share of consumers’ wallets propelled by a weaker macro backdrop.
May 2023
ASX retail stocks are on a horror run for good reason
Foot Locker and Universal Stores have warned of a downturn as retailers skewed to low and middle-income earners are punished by the market.
Diversity ‘laggards’ IAG, Reece, Accent seek female directors
The companies were called out by super funds for having less than 30 per cent women on their boards.
February 2023
Hype DC owner starts second half with a bang
Accent Group also operates branded stores Stylerunner and Glue, and says same store sales growth is up 16 per cent in the first seven weeks in the second half.
As the wealthy buy $100k-plus cars, the mortgage belt feels the squeeze
Demand for new cars above $100,000 and luxury wine continues unabated, but there’s a big shift to value hunting in middle Australia.
Younger brigade still spending up
Spared from the worries of rising home loan repayments after nine rate rises, most younger consumers are still spending briskly.
December 2022
Travel vs retail: the battleground for discretionary spending in 2023
A fight is simmering: travel versus retail spending. There will be a looser.
November 2022
These retail stocks should be in your Christmas stocking
When it comes to navigating cyclical or structural challenges, retailers are the masters of adaptation.