The growth comes after TFG launched a new omnichannel fashion and lifestyle shopping platform in July 2022, called Bash.
The Foschini Group recorded substantial growth in online sales in South Africa in the first half of its 2023 financial year.
It offers products from over 200 brands available in Foschini, @Home, Markham, TotalSports, Sterns, and American Swiss stores, with delivery and collection from more than 800 outlets across the country., run by former Takealot executives and Superbalist founders Claude Hanan and Luke Jedeikin. TFG’s overall group turnover increased by 23.5%, which it attributed to the continued expansion of its footprint and brand portfolio in addition to online sales growth.
During the six months ending September 2022, it lost roughly 132,000 trading hours to load-shedding, 2.6 times higher than the previous period.
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