TFG set to cut 100 stores, stock and costs
Retail group TFG plans to close 100 underperforming stores and reduce inventory to navigate a difficult South African trading environment. The company is shifting focus toward its online platform, Bash, to improve profitability and efficiency.
Why it matters
Reflects broader economic challenges in the South African retail sector and the strategic pivot toward omnichannel commerce.
Retail group TFG plans to close 100 underperforming stores and reduce inventory purchases as it anticipates another subdued year locally.
Business reporting based on corporate statements and financial performance.
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