Footwear retailer Accent Group has told investors its profit for the financial year will increase by 10 per cent and sales will be up by 1.6 per cent despite the company’s stores being shut during the coronavirus lockdown.
Accent shares were worth $1.36 before trade on Thursday. The company has shed 27 per cent of its value in 2020, even after rebounding sharply from a March low of 55 cents. “The mix of Accent’s superior digital capability and the magic of our stores gives us a key competitive advantage, but it is important that we reach agreement with our landlords for sustainable and fair rental deals,” Mr Agostinelli said.
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