Accent Group has not applied for wage subsidies beyond the end of September.
Hard lockdowns in Melbourne and Auckland between July and end of October resulted in more than 20% of Accent’s stores being closed.
Despite this, all permanent team members continued to be stood up on full pay through this period, including the month of October post the completion of the JobKeeper payments at the end of September.
Chairman David Gordon said the Group will do the same in the recently announced Adelaide lockdown.
"The Accent Group Board recognises the dedication, resilience and performance of the entire Accent team over the year.
"The demonstrated leadership capability to adapt quickly to the challenging new environment has been key to the results achieved during a confronting final quarter.
"Our business objectives have been achieved with the safety of our team and our customers front of mind, with a strong focus on safety protocols since reopening in May."
Accent Group once again delivered a record profit in FY20, with EBITDA increasing by 11.8% to reach $121.7 million.
While this was propped by JobKeeper subsidies, the Group also improved its inventory and net debt position.
Gordon said the result was an outcome of strong digital growth of 69% and the contribution from 57 new stores that opened during the year.
"The vertical brand and product program that the team is delivering ensured that gross margins remained strong, despite currency headwinds and significant discounting in the final quarter of the year," he said.
"The cost of doing business was another highlight, with effective cost management in particular through Q4 supporting the profit result."