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Accent Group to Shut or Sell All Glue Stores by End of FY26

The retailer is refocusing capital toward higher-performing global labels following Glue Store’s losses.

The Glue Store chain is shutting down after remaining stores failed to remain profitable.
Owner Accent Group has announced the remaining 16 Glue Store clothing stores will be forced to close in the coming months. Supplied
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Overview

  • An ASX filing confirmed Accent Group will cease the Glue Store business and wind down or sell the remaining 16 sites by the end of the 2026 financial year.
  • Glue Store posted a first‑half FY26 EBIT loss of $8.4 million, which included provisions related to the wind‑down.
  • Accent Group reported group revenue up 5% to $816.9 million as after‑tax profit fell 40% to $28.1 million due to higher costs.
  • The company did not disclose how many jobs will be affected, and closing‑down sales are already being advertised.
  • Management said investment will shift to growth from global and portfolio brands such as Lacoste, Hoka and Sports Direct, following earlier closures of 17 Glue Stores in 2024.