Major fashion retailer Glue Store shuts down as remaining shops deemed ‘unprofitable’
Closing down sales have been announced.
Decades-old fashion retailer Glue Store is closing its doors.
Its remaining shops will shut across Australia, after the business was deemed “unprofitable” by parent company Accent Group.
Accent Group, which operates stores such as Dr. Martens, The Athlete’s Foot and Platypus, acquired Glue Store in 2021.
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By continuing you agree to our Terms and Privacy Policy.Within three years it had roughly halved the number of stores in Australia, axing 17 in 2024.
The remaining stores were “expected to be profitable”, Accent Group said at the time.
But those 16 stores will be closed by the end of the 2026 financial year, an ASX announcement confirmed on Wednesday.
“The company has made the decision to cease the operations of Glue Store,” Accent Group said.
“The business will be wound down or sold.”
Closing down sales are now being advertised online and in various Glue Stores.
Glue Store recorded an EBIT (Earnings Before Interest and Taxes) loss of $8.4 million in the first half of the 2026 financial year, inclusive of provisions set aside for closure.
Accent Group will pivot its focus to the expansion of other more successful brands under its portfolio.
The group currently has 898 stores across brands, with 27 of those newly opened in the last six months.
7NEWS.com.au has contacted Accent Group for comment.
Originally published on 7NEWS
