TFG eyeing 100 store closures amid more subdued year
The Foschini Group (TFG), the parent company of Hobbs, Phase Eight, and White Stuff, is planning to shutter 100 underperforming stores as it anticipates a “more subdued year” ahead. In an interview with the Sunday Times, the South African company’s chief executive, Anthony Thunström, said around 300 underperforming stores had been identified...
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