Cash is king: Foschini’s plan to open more new stores – and most won’t be in big malls

The original article can be found here.

Article highlights:

• The Foschini Group will open 200 new stores in the current financial year ending;
• It will add another 1 000 in the next three years, and most won’t be in the big malls;
• The group wants to expand to areas predominantly anchored by the informal economy – and the expansion of Jet stores is just one way to achieve that.