Black Friday blues slow TFG’s sales growth
Shares shrug off disappointing performance, with analysts offering various reasons for the stock’s gain
24 January 2024 - 10:30
UPDATED 24 January 2024 - 20:40
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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