Latest Footwear Sector News

KMD Brands has requested a voluntary suspension of its shares on both the NZX and ASX as it finalises a capital raise, refinancing, and its half-year financial results. The suspension aims to maintain market order while key details remain under negotiation.

KMD Brands Limited has announced plans for a capital raise via placement and AREO, coinciding with its upcoming half-year financial results. The company has requested a trading halt as it finalises the terms.

Accent Group reports a modest decline in like-for-like sales and margin compression in the second half of FY25, setting full-year EBIT guidance between $108 million and $111 million.

Accent Group Limited forecasts a solid $80 million EBIT for H1 FY25, driven by sales growth despite a challenging promotional environment squeezing margins. Strategic talks with Frasers Group signal potential long-term shifts.