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Accent (ASX:AX1) share price on watch after announcing Glue acquisition James Mickleboro | April 23, 2021 9:26am | More on: Accent Group Ltd (ASX: AX1) share price will be one to watch on Friday. This follows news that the footwear-focused retailer is adding to its collection of store brands with a new acquisition. What is Accent acquiring? This morning Accent confirmed reports that it has signed an agreement to acquire the Glue Store retail business and the wholesale and distribution brands business of Next Athleisure for a cash consideration of $13 million. Glue Store is a leading Australian youth apparel, shoe and accessory retailer offering a range spanning global street, fashion, and sport cultures. ....
ASX flat; AMP to pursue spin-off; Kogan slumps Save Share Gold at $US1800 back on the table Vesna Poljak Broker Macquarie has canvassed the possibility of gold at $US1800 an ounce if it can consolidate above the $US1765 an ounce level, which is optimistic for Perseus Mining, one of the gold juniors it rates outperform . Â Â Â Perseus is expected to produce at the top-end of its guidance range in the second half, on the broker s estimates. Macquarie also favours Aurelia Metals and Bellevue Gold among the juniors. From a macro perspective, Macquarie thinks the decline in bond yields and rally in gold is unlikely to be sustainable without a deterioration in economic data. Next week s FOMC meeting seems far too early for increased taper talk but the key question remains at what point does data prove sufficient for the market to start pricing tapering. ....
Accent Group snaps up Glue Store and Next Athleisure for $13 million By Imogen Bailey | 23 April 2021 Glue Store is a youth apparel, shoe and accessory retailer which operates 21 stores across Australia. The business also operates an integrated online site and has a strong loyalty database with around 500,000 members. Glue Store generates annual sales of approximately $90 million, including $16.6 million in online sales. The acquisition will see Accent acquire all of Glue s in-house brands including Nude Lucy, Beyond Her, Lulu & Rose and Article One, which drive more than 25% of sales. If approved by brand owners, Accent will also take on Next Athleisure s (NAL) distribution rights of global brands including Superga, Ellesse, Le Coq Sportif, Kappa, K-Way, Sebago and Napapijri. ....
Published February 11, 2021 To sign up for our daily newsletter filled with the latest news, goss and other stuff you should care about, head HERE. For a running feed of all our stories, follow us on Twitter HERE. Or, bookmark the PEDESTRIAN.TV homepage to visit whenever you need a news fix. Finding the right basic white shirt is like trying to find the right pair of mom jeans – it’s HARD. Well, it’s hard for me because I am incredibly indecisive. It took me – I shit you not – two years to commit to a pair of boots. So if that sounds like you then join me as I peruse the internet for a slew of white tees. ....
Glue Store launches nationwide sustainability program By Imogen Bailey | 29 January 2021 Glue Store has launched a new eco-conscious initiative, Future Choice, in stores nationwide and online. The program highlights products to customers according to five sustainability categories, helping them to make more informed choices about their purchases. Glue Store head of brand and marketing Charles Moore said that the program is about giving consumers further knowledge on the products available to them. Glue Store, like its customers, demands quality over quantity. Future Choice is about empowering our customers shopping experience by highlighting the conscious stories of the brands we represent and the thoughtful threads they use in their production. ....