Highlights

• Adairs Group CEO and Managing Director Elle Roseby is stepping down from her role, with her notice period expected to run through March 2027.
• Rachel Taylor will become Executive General Manager Adairs from 5 October 2026 as part of the leadership transition.
• Adairs shares fell 5.06% to AU$1.220 following the 29 September 2026 announcement.

Adairs Shares Slide After Leadership Change

Adairs Limited (ASX: ADH) came into focus on 29 September 2026 after the homewares retailer announced a change at the top of its leadership team. Group Chief Executive Officer and Managing Director Elle Roseby has given notice of her resignation, triggering a succession process that the Board said would be managed in an orderly manner. The announcement was followed by a decline in Adairs shares, which fell AU$0.064, or 5.058%, to AU$1.220. Adairs Limited (ASX: ADH) is trading at a current market price of AU$1.220, down AU$0.064 or 5.058%.

CEO Transition Underway

Roseby is expected to remain in her position through all or most of her notice period, which is anticipated to end in March 2027. Her final departure date will be agreed as the transition progresses. The Board said it will begin searching for her successor shortly and provide further updates to the market. As part of the leadership changes, Rachel Taylor will take on the newly created position of Executive General Manager Adairs from 5 October 2026. Rachel Taylor will take responsibility for the day-to-day management and performance of the Adairs business, reporting to the Group CEO.

Taylor joined Adairs in August 2025 as General Manager Customer & Brand after previously serving as General Manager of Digital at Cotton On. The company said she has gradually taken on broader responsibilities across Adairs during the past six months.

Trading Performance Shows Mixed Trends

Alongside the leadership announcement, Adairs provided an update on trading across its businesses. The Adairs business continues to improve, with year-to-date sales remaining consistent with the trend outlined alongside its FY26 results. Its Project Compass ERP implementation also successfully reached its go-live milestone on 16 September 2026. Mocka's trading remains strong, with two standalone stores operating in line with expectations and a third store planned for Mornington, Victoria, by Q3 FY27. Focus on Furniture, however, continues to face challenges. Written sales at Focus on Furniture fell 27.6% during the first eight weeks of FY27, before the decline narrowed to 2.7% in weeks nine to 13. Overall, first-quarter sales were 19.5% below the previous corresponding period.

Outlook for Adairs

The company expects the leadership transition to proceed over the coming months while management continues implementing its operational priorities. Focus on Furniture remains volatile, and Adairs expects the first half to remain challenging, with progress likely to be uneven. Attention will now centre on the appointment of Roseby's successor, the transition to the expanded leadership structure and whether improvements across Adairs and Mocka can offset ongoing pressure at Focus on Furniture.

Note- All data presented is based on information available at the time of writing.

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