Accent Group Ltd (ASX:AX1) Is Down Nearly 50% Over 12 Months: Where Does the Stock Stand Today?

Sonal Goyal

22 October 2026 10:29 PM AEDT

Accent Group Ltd (ASX:AX1) Is Down Nearly 50% Over 12 Months: Where Does the Stock Stand Today?

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Key highlights

Accent Group Ltd (ASX:AX1) shares were priced at $0.65 as at 22 October 2026, down 1.52% on the day and down approximately 49.42% over the past year.
Frasers Group plc gave notice on 18 September 2026 that it extended the offer period for its on-market takeover bid for Accent Group.
The offer will now close at 4.00pm Sydney time on 29 January 2027, instead of 30 September 2026, unless further extended or withdrawn.

As at 22 October 2026, Accent Group Ltd (ASX:AX1) shares were priced at $0.65, down 1.52% on the day, and the share performance data shows the stock down approximately 49.42% over the past year. Accent Group is an Australian footwear and apparel retailer and distributor. Frasers Group plc gave notice on 18 September 2026 that it extended the offer period for its on-market takeover bid for Accent Group.

About Accent Group Ltd: business overview

Accent Group Limited retails and distributes footwear and apparel brands in Australia and New Zealand, operating banners such as Platypus, The Athlete’s Foot, Hype DC and others, and distributing global brands.

The notice of extension

In a notice dated 18 September 2026 given to ASIC, Accent and the ASX, Frasers Group plc (LSE:FRAS) said it was varying its on-market takeover bid under Chapter 6 of the Corporations Act for all fully paid ordinary shares in Accent that it or its associates do not currently own. It extended the offer period under section 649C of the Corporations Act, so that the offer now closes at 4.00pm Sydney time on Friday, 29 January 2027, instead of 30 September 2026, unless further extended or withdrawn in accordance with the Corporations Act.

Bid documents

The offer is contained in Frasers’ bidder’s statement dated 15 June 2026, as supplemented by a first supplementary bidder’s statement dated 10 August 2026. The notice does not state the offer price or Frasers’ current shareholding and does not include any Accent response.

Related sector context

Retailers are influenced by household spending, consumer confidence, interest rates, supplier pricing and tariffs, and the timing of key trading periods. Companies commonly publish trading updates between full results, and report sales, gross margin, store networks and online share alongside profit. Yearly share price changes in the segment can reflect shifts in expectations for spending and housing-related demand as well as company-specific results.

Risks to weigh in

The notice states that the offer remains subject to being extended or withdrawn. Whether Frasers acquires further shares depends on market transactions during the offer period. The announcement is from the bidder, not Accent, and contains no information about Accent’s trading.

Catalysts on watch

Items to watch include any further variation of the offer, announcements by Accent, changes in Frasers’ holding and the 29 January 2027 closing date.

Final word

Frasers’ 18 September 2026 notice extended its on-market bid for Accent to 29 January 2027. Later notices would show changes in holdings or terms.

FAQs

Q: What was the previous closing date?

A:30 September 2026.

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