Foschini owner boosted by R1 billion in sales on Black Friday

30 January 2023 Curated In the News Archive Comments Off on Foschini owner boosted by R1 billion in sales on Black Friday

The original article can be found here.

Article highlights:

  • The Foschini Group’s (TFG) businesses in SA and elsewhere on the continent, reported like-for-like turnover growth of 5.7% in the quarter to end-December compared to the previous year.
  • This was thanks in part to a bumper Black Friday and Cyber Monday in SA, which delivered turnover of more than R1 billion on those two days.
  • Over recent years, TFG switched its manufacturing to South Africa, away from China, and more than 70% of its clothing sold in the African market is now produced locally.

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