TFG sees opportunity in SA despite stagnant economy
CEO Anthony Thunström outlines plans to open 1,000 new stores with sharp focus on opportunities in cash-rich informal economy
05 October 2021 - 20:29
TFG, owner of Sportscene, Totalsports, Jet and Sterns, believes it cannot let the stagnant economy derail its plans to expand, saying it doubled turnover over the past five years even as the SA economy had barely grown.
In a media briefing on Tuesday, TFG CEO Anthony Thunström outlined the company’s plans to open 1,000 new stores over the next five years, its continued investment in technological innovation to make online shopping seamless and reintroducing homeware to discount retailer Jet...
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.