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TFG set to cut 100 stores, stock and costs

plans to close about 100 underperforming stores during the current financial year as it seeks to improve profitability amid subdued consumer spending, while simultaneously opening between 80 and 90 new outlets in stronger locations.

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businessday.co.za

africa.businessinsider.com

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AI · summaries

businessday.co.zaStai leggendo1 mese fa

TFG set to cut 100 stores, stock and costs

originale

africa.businessinsider.com1 mese fa

One of Africa’s biggest retail groups is closing stores despite growing sales

TFG plans to close more than 100 stores after identifying 300 underperforming outlets, even as sales rise

Leggi questa versione → originale

Timeline cronologica

venerdì 5 giugno 2026·businessday.co.za
TFG profit falls as weak trading and brand write-downs take toll
South Africa remains stronghold amid global headwinds and margin pressure
sabato 6 giugno 2026·businessday.co.za
TFG set to cut 100 stores, stock and costs
plans to close about 100 underperforming stores during the current financial year as it seeks to improve profitability amid subdued consumer spending, while simultaneously opening…

TFG set to cut 100 stores, stock and costs

One of Africa’s biggest retail groups is closing stores despite growing sales

Timeline cronologica

TFG profit falls as weak trading and brand write-downs take toll

TFG set to cut 100 stores, stock and costs

One of Africa’s biggest retail groups is closing stores despite growing sales