Black Friday blues slow TFG’s sales growth
Shares shrug off disappointing performance, with analysts offering various reasons for the stock’s gain
Fashion retailer TFG reported modest sales growth in the three months ended December after Black Friday underwhelmed relative to expectations with a drop also seen in London and Australia off a high base.
Nevertheless, the shares of the retailer that owns Sportscene, Markham and Coricraft surged as much as 7.8% in midmorning trade before ending the day 3.3% higher at R101.10...
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