Accent Group Limited announced that the Group now expects to open more than 70 new stores in fiscal year 2020.

For the second half of 2020, Profit growth is expected to be achieved through revenue growth driven by low single digit LFL growth (including digital growth), at least 70 new stores, 54 stores annualizing from fiscal year 2019 and growth from TAF corporate stores. Gross margin is expected to remain under pressure due to FX and the highly competitive market environment which has continued through January. The drive for cost improvement continues.