JAMIE CARR: TFG — from fashion to furnishings
While TFG is expecting macroeconomic conditions to remain constrained by global inflationary pressures and a rising interest rate environment, its business model will remain resilient
16 June 2022 - 05:00
It’s common cause that the consumer’s disposable income is feeling the sort of squeeze normally handed out by a boa constrictor, but one little-considered reason for this could be that the said consumer appears to have spent most of the past year down at Foschini, where they have been spewing out cash like a presidential sofa.
TFG has had a belter of a year, with retail turnover up 31.6% on the back of all territories performing ahead of expectation, and gross margins growing to an impressive 48.5%. ..
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