Accent Group Ltd (ASX: AX1) Share Price and News
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Accent Group Ltd (ASX: AX1) was formerly known as RCG Corporation and is a distributor and retailer of sports and fashion footwear. Accent Group operates more than 420 retail stores across Australia and New Zealand which comprise ten well-known brands such as The Althlete’s Foot, Skechers, Hype DC, and Platypus Shoes.
In addition to its retail operations, Accent Group also hold distribution rights in Australia and New Zealand for ten international footwear brands including Dr Martens, Saucony, Cat, Timberland and Vans.
Accent Group operates successful digital infrastructure which saw it well positioned to withstand the economic upheaval resulting from COVID-19 lockdowns. The company reported in June 2020 that online sales across its digital platforms surged 150% between April and June.
When the pandemic first hit, the Accent Group share price fell more than 70% in the space of one month from mid-February to mid-March. Whilst the company’s share price has significantly recovered since then, as at November 2020, it has yet to reach its pre-pandemic highs.
Accent Group Ltd (ASX: AX1) Latest News
James Mickleboro | November 20, 2020 1:19pm
Mesoblast limited (ASX:MSB) and Regis Healthcare Ltd (ASX:REG) shares are two of four charging notably higher on Friday. Here's why... More »
James Mickleboro | November 20, 2020 8:45am
The Accent Group Ltd (ASX:AX1) share price could be on the move today after releasing a trading update ahead of its annual general meeting... More »
Brendon Lau | November 12, 2020 11:44am
The prospect of a COVID‐19 vaccine is fuelling the market rally but it’s also set to create a new set of winners and losers... More »
James Mickleboro | November 11, 2020 3:10pm
The JB Hi-Fi Limited (ASX:JBH) share price is sinking lower on Wednesday after being downgraded by a leading broker... More »
James Mickleboro | November 2, 2020 2:17pm
Here's why I think Accent Group Ltd (ASX:AX1) and this ASX share could be cheap and great options for value investors right now... More »
James Mickleboro | October 31, 2020 10:46am
Here's why I think Accent Group Ltd (ASX:AX1) and this ASX dividend share could be great options for income investors... More »
James Mickleboro | October 22, 2020 8:02am
National Storage REIT (ASX:NSR) and this high yield ASX dividend share could be top options for income investors right now... More »
James Mickleboro | October 18, 2020 8:00am
Here's why I would buy Wesfarmers Ltd (ASX:WES) and this ASX dividend share next week... More »
James Mickleboro | October 15, 2020 6:56am
I think income investors should skip Westpac Banking Corp (ASX:WBC) savings accounts and buy these ASX dividend shares... More »
James Mickleboro | October 9, 2020 7:25am
Forget the low interest rates offered by Commonwealth Bank of Australia (ASX:CBA) on its savings accounts and buy these ASX dividend shares... More »