Accent Group to Close Glue Store

Accent Group has announced it will be ceasing the operations of Glue Store with the youth fashion chain set to close its 16 doors by the end of Q4 FY26.

According to the group, in H1 FY26, Glue recorded an EBIT loss of $8.4 million. This comes after the November 2025 wind down of Ozsale, the online fashion outlet and discount marketplace operated by Mysale under Accent Group.

The Group announced the closure in a trading update reporting first half results, with the company confirming it would be pursuing a range of growth opportunities across its core banners and new businesses including Sports Direct, HOKA, and Lacoste.

Accent Group reported an EBIT of $56.5 million and NPAT of $28.1 million for the 26 weeks ending 28 December 2025 (H1 FY26), down 40 percent on the year prior due to higher costs. Total group owned sales increased by 5.7 percent compared to prior year.

CEO Daniel Agostinelli, said “In a promotional trading environment, growth was achieved across many of our businesses. The Athlete’s Foot, HOKA, Merrell and Nude Lucy all experienced strong growth, pleasingly Platypus and wholesale sales were ahead of prior year with wholesale forward orders also ahead of prior year into the second half of FY26. Cost of doing business (CODB) and inventory continue to be well managed.”

During the half, the group opened 27 new stores and closed 21 stores.

The company successfully opened its first Sports Direct store at Fountain Gate, Victoria, on 15 November 2025, alongside the launch of the Sports Direct online store. A further 2 stores are planned to open in H2 FY26, with a third store signed and scheduled for opening in H1 FY27.

Lacoste was also successfully launched with the opening of a flagship concept store in Melbourne, and activations supporting the Australian Open in January 2026.

Mr Agostinelli said, “Sales growth in the first 8 weeks of H2 was up 7.1 percent along with record back to school sales.”

“I am pleased with the early trade from Sports Direct, the launch of Lacoste and the forward pipeline of Wholesale orders. The team remains focused on driving profitable sales, tightly managing controllable costs and executing our key growth initiatives.”