The original article can be found here.
Article highlights:
- The clothing manufacturer and retailer released its results for the year ended 31 March, reporting a 32% increase in turnover to a record R43.4 billion.
- The Group is currently at 72% local manufacturing – that’s for South Africa and the SADC region as a whole.
- This long-term strategy has largely insulated Foschini against the majority of ongoing supply chain disruptions and resulting cost increases.
