TFG seems to break the ‘Australian curse’
The fashion retailer has excelled Down Under, with an 11% revenue increase in Australia, attributed largely to using local, experienced managers
17 January 2020 - 12:18
TFG, which has brands that include The Fix, Sportscene and Foschini, seems to have broken the Australian curse by excelling Down Under while other SA retailers, such as Woolworths and Pick n Pay, have had a terrible time in that country. Woolworths’ R21bn investment has lost half its value while Pick n Pay exited a decade ago.
TFG has released its trading update for the nine months ending December 2019 and boasts an 11% revenue increase in Australia, saying its Australian sales “continue to exceed expectations”...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.