Accent Group maps 2030 growth push to $1.9bn in sales and 950 stores

Accent Group Ltd ( (AU:AX1) ) just unveiled an update.

Accent Group Limited has unveiled a 2030 Strategic Growth Plan that targets at least $1.9 billion in sales, a 9% or higher EBIT margin and an expanded network of around 950 stores by 2030. Built around the pillars of Efficiency, Evolution and Expansion, the strategy aims to leverage the company’s existing retail platform and brand portfolio to drive long-term shareholder value.

Under the Efficiency pillar, Accent plans $40 million in gross cost-saving initiatives, forecasting $15–20 million in net savings by FY28 and at least $7 million in EBIT uplift from store lease optimisation by FY30. The Evolution stream centres on reacquiring The Athlete’s Foot franchises to add about $14 million in incremental EBIT by 2030 and broadening core lifestyle brands through new categories, store concepts and digital growth.

Expansion initiatives include an aggressive rollout of Sports Direct across Australia and New Zealand, targeting 30 stores in three years and 50–100 over time, alongside continued growth from brands such as HOKA, Lacoste and in-house labels Nude Lucy and ODE. The group also plans up to 20 additional stores across core and growth banners and enters FY27 with a clear pipeline of EBIT-improving measures, backed by sufficient capital and projected cash flows to fund the strategy through to 2030.

The most recent analyst rating on (AU:AX1) stock is a Buy with a A$0.75 price target. To see the full list of analyst forecasts on Accent Group Ltd stock, see the AU:AX1 Stock Forecast page.

More about Accent Group Ltd

Accent Group Limited is an Australia-based footwear and apparel retailer and wholesaler, operating a scaled store network and digital channels across key athletic and lifestyle brands. The group focuses on sports, lifestyle and vertical fashion labels, including concepts such as The Athlete’s Foot and international and in‑house brands positioned in the ANZ market.

Average Trading Volume: 4,391,666

Technical Sentiment Signal: Sell

Current Market Cap: A$342.6M

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