Australia's largest stock trading and investment forum Australia's #1 stock forum

Fund managers, page-1619

First 1619 Last

Share
Profile

Follow
saintex

4,878 Posts.

543

13/06/25

10:19

Post #: 79418317
Share

Originally posted by saintex: ↑

Accent (footwear retailer) announces a profit warning today.
Due to a clear deterioration of sale and gross margin (- 80 bp for H2 25 to date).
This time, they mention weakness for both their retail and wholesale business (so far weakness was focused on their wholesale business).

This comes after Dusk, which also announced a brutal deterioration of its gross margin during H2 25.

Interesting to see that a lot of retailers have resisted for a long time to the high interest rates environment.
But their sales/gross margin are now deteriorating despite the beginning of interest rate cuts.

Other retailers may announce profit warnings.

Expand

Accent and Dusk are focused on young customers.
So, the retail weakness may be mainly for this category of customers.
The other listed retailer which may be affected : Universal Stores, as they also focus on the same customers.
2 Upvote

Reply

Top Stories

Why a Fed rate cut could obliterate your super – and no one's warning you

LKO

'Rising demand': Lakes Blue Energy starts well-timed Wombat-5 gas drilling

AFP

AFT Pharmaceuticals outlines shareholder value focus in 2025 AGM

BGL

Market shrugs off Bellevue's 'conservative' FY26 guidance

I88

Infini Resources appoints Rohan Bone as CEO ahead of Phase 2 campaign

HZN

Crickets as Horizon Oil unveils new project picked up in Thailand

PSC

Prospect Resources: Replicating the success of Arcadia with ~1b tonne copper ore target

EMC

Everest Metals dips as company clocks low gold grades at Taipan, WA

Week 31 Wrap: Oz core CPI @ 2.7%! But here come tariffs. Again. Next Friday

DES

DeSoto lands key exploration rights for Syncerus gold project in Guinea

First 1619 Last

SPONSORED BY