Footwear retailer Accent Group says a continued focus on customers, new products, full-margin sales and a return to investments have yielded strong first-half results.
The company owns and operates retail businesses including Platypus, The Athlete’s Foot, Subtype, The Trybe, HypeDC, Pivot and 4 Workers, and distributes global brands including Dr Martens, Skechers, Vans and Merrell in Australia. For the 27 weeks to 1 January, sales grew 39 per cent to $825M while tax-paid profit reached $58.3M.
Online sales contributed $134M – or 18.9 per cent of total sales – while strong revenue was achieved in all core brands, including Platypus, Hype DC, Skechers, Dr Martens and The Athlete’s Foot.
Accent Group CEO, Daniel Agostinelli, credited the “strength and consistency” of performance across all large banners along with the progress that has been made in its new banners for the success of the results.
