AX1
Accent Group
Accent Group Limited is a leading distributor and retailer of footwear and apparel, with a focus on performance and active lifestyle sectors. It manages a diverse portfolio of brands and operates across Australia and New Zealand, enjoying strong market recognition. The company is known for its comprehensive retail network and innovative store concepts, ensuring a wide customer reach.
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Company Overview
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Accent Group Limited is a leading distributor and retailer of footwear and apparel, with a focus on performance and active lifestyle sectors. It manages a diverse portfolio of brands and operates across Australia and New Zealand, enjoying strong market recognition. The company is known for its comprehensive retail network and innovative store concepts, ensuring a wide customer reach.
Company History
Accent Group Limited was founded in 1988 and is headquartered in Melbourne, Australia. The company underwent significant growth through strategic acquisitions and brand partnerships, positioning itself as a major player in the footwear market. It listed on the ASX under the stock code AX1 and has since expanded its operations across Australia and New Zealand, boasting numerous retail stores.
Competitive Advantages
Accent Group benefits from a broad brand portfolio, exclusive distribution rights, and a strong retail network across Australia and New Zealand. Its ability to adapt to market trends and consumer preferences quickly through its responsive supply chain is another key advantage.
Risk Factors
- •The company faces risks related to changes in consumer spending habits and economic downturns which can impact sales.
- •Supply chain disruptions could affect product availability and increase costs.
- •The competitive retail market demands constant innovation and may pressure profit margins if not met.
Recent Developments
Last 6 months
In the last six months, Accent Group expanded its digital and online sales capabilities to enhance customer experience. They reported strong earnings growth driven by increased demand in the active lifestyle sector. Additionally, they have launched new store formats to align with consumer preferences.
Key People
Leadership team at Accent Group
Daniel Agostinelli
CEO
Daniel Agostinelli has been CEO of Accent Group Limited since 2015, leading the company through a period of expansion and innovation in the retail sector. He brings extensive leadership experience in retail operations and merchandising.
Matthew Durbin
CFO
Matthew Durbin serves as the Chief Financial Officer of Accent Group, providing financial leadership and overseeing strategic financial planning. He joined Accent with a strong background in retail financial management.
Financial Reports
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