Accent Gets New Bear as Trading Weakens Ahead of Key Sales Season -- Market Talk

Dow Jones

Nov 24

2240 GMT - Morgan Stanley switches from being a bull to a bear on footwear retailer Accent following a trading update that signaled worsening retail trends and margin pressure. Like-for-like sales have turned negative, and heightened promotional activity is weighing on margins. MS notes the demand in the lifestyle category remains fragile. Accent on Friday said it now expects 1H Ebit of A$55 million-A$60 million. That compares with prior guidance for a result roughly in line with the A$80.7 million achieved a year ago. "The meaningful downgrade shortly after August and ahead of the key sales season is cause for concern," analyst Mac Ross says. MS downgrades Accent to underweight, from overweight, and cuts its price target by 47% to A$0.95/share. Accent ended last week at A$1.015. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

November 23, 2025 17:40 ET (22:40 GMT)

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Like-for-like sales have turned negative, and heightened promotional activity is weighing on margins. MS notes the demand in the lifestyle category remains fragile. Accent on Friday said it now expects 1H Ebit of A$55 million-A$60 million. That compares with prior guidance for a result roughly in line with the A$80.7 million achieved a year ago. \"The meaningful downgrade shortly after August and ahead of the key sales season is cause for concern,\" analyst Mac Ross says. MS downgrades Accent to underweight, from overweight, and cuts its price target by 47% to A$0.95/share. Accent ended last week at A$1.015. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 23, 2025 17:40 ET (22:40 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Accent Gets New Bear as Trading Weakens Ahead of Key Sales Season -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAccent Gets New Bear as Trading Weakens Ahead of Key Sales Season -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-11-24 06:40</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     2240 GMT - <a href=\"https://laohu8.com/S/MTK\">Morgan Stanley</a> switches from being a bull to a bear on footwear retailer Accent following a trading update that signaled worsening retail trends and margin pressure. Like-for-like sales have turned negative, and heightened promotional activity is weighing on margins. MS notes the demand in the lifestyle category remains fragile. Accent on Friday said it now expects 1H Ebit of A$55 million-A$60 million. That compares with prior guidance for a result roughly in line with the A$80.7 million achieved a year ago. \"The meaningful downgrade shortly after August and ahead of the key sales season is cause for concern,\" analyst Mac Ross says. MS downgrades Accent to underweight, from overweight, and cuts its price target by 47% to A$0.95/share. Accent ended last week at A$1.015. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 23, 2025 17:40 ET (22:40 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4127","symbol_name":"投资银行业与经纪业","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2585019438","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2585019438","pubTimestamp":1763937600,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2240 GMT - Morgan Stanley switches from being a bull to a bear on footwear retailer Accent following a trading update that signaled worsening retail trends and margin pressure. Like-for-like sales have turned negative, and heightened promotional activity is weighing on margins. MS notes the demand in the lifestyle category remains fragile. Accent on Friday said it now expects 1H Ebit of A$55 million-A$60 million. That compares with prior guidance for a result roughly in line with the A$80.7 million achieved a year ago. \"The meaningful downgrade shortly after August and ahead of the key sales season is cause for concern,\" analyst Mac Ross says. MS downgrades Accent to underweight, from overweight, and cuts its price target by 47% to A$0.95/share. Accent ended last week at A$1.015. 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Like-for-like sales have turned negative, and heightened promotional activity is weighing on margins. MS notes the demand in the lifestyle category remains fragile. Accent on Friday said it now expects 1H Ebit of A$55 million-A$60 million. That compares with prior guidance for a result roughly in line with the A$80.7 million achieved a year ago. \"The meaningful downgrade shortly after August and ahead of the key sales season is cause for concern,\" analyst Mac Ross says. MS downgrades Accent to underweight, from overweight, and cuts its price target by 47% to A$0.95/share. Accent ended last week at A$1.015. (david.winning@wsj.com; @dwinningWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 23, 2025 17:40 ET (22:40 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}