The Foschini Group is planning a new 'omni-channel platform' – which its CEO says will be a first for South Africa. | Fin24
Supplied by The Foschini GroupWhile the group already has an e-commerce site for its brands, the new platform will include other brands too.
"The entire product catalogue is being migrated. This will create a home for all of our brands and other businesses that want to leverage TFG's scale, bringing over 200 of the world's best brands and more than 2 000 new styles a week on to one platform to provide an unrivalled selection across fashion and lifestyle goods," CEO Anthony Thunström said during the group's results announcement on Friday.
TFG launched a single online shopping platform with 17 of its brands – called myTFGworld.com - in 2018. The platform gave shoppers access to products from the 17 TFG brands currently trading online, including @home, Donna, Foschini, Markham, and Totalsports. The quick response time of TFG's local manufacturing operations helped to deliver products that were in demand among customers.
Foschini plans capital investments of R2.1 billion in the coming year, and will open 10 new manufacturing business units. This will help to double jobs in its own factories, as well as associated facilities, from 5 200 this year to 11 200 by 2026.
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