South Africa’s TFG reports 19.6 percent rise in turnover

For the year to March 31, 2019, The Foschini Group (TFG) reported retail group turnover growth of 19.6 percent compared to March 2018 with turnover growth of 8.9 percent for TFG Africa, 31.3 percent for TFG London and 58.3 percent for TFG Australia. Including comparable numbers for Hobbs (TFG London) and RAG (TFG Australia) acquired during the previous financial year, the company said, turnover grew by 3.5 percent and 14.5 percent respectively for TFG London and TFG Australia, while comparable store turnover growth of 5.6 percent was achieved for TFG Africa and 7.8 percent for TFG Australia.