![\"Glue](\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/02\/e9c34740-12ac-11f1-ab5a-22baaa513f6a.png\")
Glue Store was founded in 1998 and acquired by Accent Group in 2021. (Source: Westfield\/Glue Store) <\/p>\n Glue Store was founded in 1998 and acquired by Accent Group in 2021. (Source: Westfield\/Glue Store) <\/p>\n
Glue Store is closing all of its stores across Australia<\/a> as its owner pivots to focus on global brands. The popular Aussie fashion chain has seen a number of its stores close<\/a> in recent years, after consistently losing money.<\/p>\n Owner Accent Group confirmed all 16 remaining Glue Stores<\/a> would be shut or sold by the end of the financial year, in a statement to the ASX. In the first half of the year, Glue recorded a loss of $8.4 million, inclusive of closure provisions.<\/p>\n \u201cThe company has made the decision to cease operations of Glue Stores. The business will be wound down or sold,\u201d Accent Group said.<\/p>\n RELATED<\/p>\n The company did not specify how many jobs would be impacted by the closures<\/a>.<\/p>\n Accent Group has about 900 stores and is behind brands like The Athlete\u2019s Foot, Hype DC, Platypus, Nude Lucy and Style Runner.<\/p>\n It acquired Glue from Britain\u2019s JD Sports Fashion in 2021. The brand was originally founded in 1998 by Hilton Seskin, the retailer behind Rebel Sport.<\/p>\n Accent Group announced the closure of 17 Glue store \u201cunderperforming\u201d locations in mid-2024 due to lacklustre sales figures.<\/p>\n Accent Group plans to continue to pursue \u201cgrowth opportunities\u201d, including plans to roll out globally recognised brands like Sports Direct and Lacoste.<\/p>\n The company opened the first Sports Direct store in Australia in Fountain Gate in Victoria in November last year. It is now in discussions for a further nine stores, with a long-term deposit of at least 50 stores over the next six years.<\/p>\n It opened a flagship concept Lacoste store in Melbourne in December, with a further five stores planned for the remainder of the year. It\u2019s also opening three HOKA stores in the coming months, including a flagship store in Sydney\u2019s CBD.<\/p>\n Accent reported revenues of $816.9 million, up 5 per cent a year earlier.<\/p>\n Higher costs pushed its after-tax profits were down 40 per cent to $28.1 million.<\/p>\n Get the latest Yahoo Finance news – follow us on Facebook<\/a>, LinkedIn<\/a> and Instagram<\/a>.<\/p>\n