Australian's addiction to sneakers and the resurgence of vinyl records have helped two retailers defy the doom and gloom among shopkeepers to post healthy profits.

Three weeks into the current profit season – when most of Australia's sharemarket-listed companies reveal their earnings – there are signs retail might be starting to recover.

Footwear retailer Accent Group unveiled a 22.5 per cent increase in full-year net profit to A$53.9 million ($56.8m) and announced ambitious expansion plans.

Australians' love for (some might say obsession with) sneakers helped Accent to another record profit with the sale of brands such as Vans, Nike, Dr

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