TFG’s hot (online) future
The retail group has swatted aside its first annual loss, preferring to focus on its plans for Jet and a big online push
17 June 2021 - 05:00
Its first annual loss is not stopping TFG from gunning for competitors Pepkor and Mr Price.
TFG swung from a R4.7bn operating profit to a R719m headline loss in the year ended March, due to drastic sales drops in the UK and lower gross margins in all three of its markets: SA, Australia and the UK...
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.