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THE FOSCHINI GROUP

RETAILERS SOUTH AFRICA

The Foschini Group (TFG) is an investment holding company operating in the retail and financial services segments within southern Africa. The Group trades primarily in South Africa with retail turnover emanating from Botswana, Swaziland and Namibia accounting for 3,8% of the Group turnover. Comprising 14 trading brands in over 1 700 stores, the Group brings a lifestyle range of brands that are prominent household fashion brands into the retail market.
Listed: Yes
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The Foschini Group

INTRODUCTION

The company, which commenced trading in 1924, has been listed on the JSE Limited since 1 January 1941 and is regarded as one of the foremost independent chain store groups in the country. It is listed on the main board in the Consumer Services – Retail sector.

External Financial Services “RCS Group”

- Transactional Finance, comprising RCS Cards and RCS Private Label Cards
- Fixed Term Finance, comprising RCS Personal Loans and RCS Home Loans

The external financial services division provides a range of broader financial services to customers of the Group and to customers of unrelated retailers.

Over 15 000 people are employed by the Group, with just over 10 000 of these in a permanent full-time capacity, and the rest as either permanent part-time, flexitime, contract or casual employees. 

STRATEGY

TFG Apparel Supply Company manages the supply of locally made apparel and co-ordinates the merchandise sourcing, shipping and quality assurance activities. A further two trading divisions offer financial services. All the trading divisions are supported by numerous service divisions which provide centralised support services. 

SUSTAINABILITY

The company’s success is strongly driven by its desire to provide the right merchandise to the respective target markets of all its trading divisions, and its skill in achieving this objective has resulted in a successful track record. TFG believes that teamwork coupled with professionalism in all aspects of retailing is and will continue to be the foundation for the future. 

SUMMARY

TFG operates through the following divisions:

Retail

- Foschini, branded as Foschini, donna-claire, Luella and fashionexpress
- Markham
- exact!
- The Sports division, branded as sportscene, Totalsports and DueSouth
- The Jewellery division, branded as American Swiss, Sterns and Matrix
- @home, branded as @home and @homelivingspace
- TFG Apparel Supply Company
- FG Financial Services

The retail divisions retail clothing, jewellery, accessories, cosmetics, sporting and outdoor apparel and equipment and homeware to the broad, middle income group throughout southern Africa, mainly as a credit retailer. The ratio of cash sales to total turnover approximates 36%.
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Our banners / stores

@home

@home

@home, the homeware store, offers fashionable merchandise covering the Eat, Sleep, Bath, Cook and Live categories for the discerning homeowner. @home has certain exclusive international brands that differentiate us in the marketplace, and there is co...
Homeware
@homelivingspace

@homelivingspace

This format offers design-conscious consumers a comprehensive range of affordable contemporary furniture.
Homeware
13 Stores
ASJ

ASJ

The American Swiss brand is positioned to appeal to the fashion forward and image-conscious
customer, and offers consumers in the growing middle market appropriate products and brands to express their status. The American Swiss brand is highly visib...
Clothing & Apparel
211 Stores
Donna Claire

Donna Claire

Donna Claire focuses on a niche market offering stylish fashion for larger sized women, retailing a range of exquisite size 16 - 28 fashion designed specifically for this market. This niche chain will grow to over 80 stores by 2009.
Clothing & Apparel
90 Stores
Duesouth

Duesouth

DueSouth is recognised as a key player in the outdoor lifestyle market. It caters for modern, hi-tech, outdoor enthusiasts who enjoy shopping in an environment which stocks a wide range of products that correspond to their lifestyle. The target marke...
Clothing & Apparel
31 Stores
Exact!

Exact!

Exact! represents accessible fashion for everybody and is positioned as the group's value chain, selling a compelling and exciting range, most of which is exclusive to Exact!
Clothing & Apparel
208 Stores
Fashion Express

Fashion Express

Fashion Express, created as an alternative strategy to revitalise ailing Foschini stores, has successfully established itself as a value fashion chain.
Clothing & Apparel
148 Stores
Foschini

Foschini

The Foschini brand is positioned as a destination of choice for women seeking fashionable, current apparel and footwear, offering good value in an environment that is modern and friendly. It is a ladieswear retail store offering contemporary clothing...
Clothing & Apparel
228 Stores
Luella

Luella

Luella offers a range of ladies footwear, handbags and accessories aimed at the upper income market.
Clothing & Apparel
18 Stores
Markham

Markham

Markham is the largest men's fashion retail chain in southern Africa, located in most major shopping centres and large towns. Customers are provided with up to date, internationally inspired menswear of good quality and value, suitable for all occasi...
Clothing & Apparel
247 Stores
Matrix

Matrix

Matrix, the sunglasses and cellphone stores, is aimed at a sophisticated, fashionable, brand-conscious customer. It has a strong lifestyle orientation providing branded accessories aimed at the generally younger market. Advertising, store design and ...
Clothing & Apparel
24 Stores
Sportscene

Sportscene

sportscene offers a blend of sport and fashion brands directed mainly at youthful and fashion-conscious customers in a unique retail environment. Initiatives are undertaken outside the stores to keep the chain in touch with its target market – cult...
Sports Equipment, Clothing & Apparel
124 Stores
Sterns

Sterns

The Sterns brand is positioned as a trusted jeweller offering stylish jewellery for special occasions, with an emphasis on emotional warmth and romance. The brand is in the process of evolving towards a more contemporary brand.
Clothing & Apparel
146 Stores
Totalsports

Totalsports

Totalsports is the premier sportswear destination in the country, retailing top-performance brands complemented by fashion product providing the everyday sportsperson and supporter a world-class product offering well suited to their sporting needs.
Clothing & Apparel
169 Stores

Related News

Foschini boosts sales
20/01/2012 - 11:54
Johannesburg - The Foschini Group [JSE:TFG] on Wednesday reported sales growth for the December period - from November 27 to December 31 - of 17.3% and same store growth of 11.4%, notwithstanding the high sales growth base in the corresponding prior period of 22.5%.

Truworths dives on below-forecast sales
19/01/2012 - 12:03
Johannesburg - Shares in Truworths International [JSE:TRU] fell more than 3% in early trade on Wednesday, after the clothing retailer released a trading update that one fund manager said fell short of estimates.

China's economic growth slows in 2011
18/01/2012 - 09:58
Beijing - China said on Tuesday its economy expanded by 9.2% last year, slowing from 2010 as global turbulence and efforts to tame high inflation put the brakes on growth.

Spar group’s Tops outlets boost growth despite competitive arena
30/11/2011 - 10:28
Spar Group emerged from a challenging consumer environment with a 10.4% growth in turnover and 3.9% increase in earnings as reported earlier this month in a performance partly boosted by the resilience of its liquor outlet, Tops.

Top retailers avoid equity BEE partners
28/11/2011 - 08:35
Politically connected empowerment’s usual suspects are missing out on a combined market capitalisation of more than R160 billion as they are shunned by top JSE-listed retailers, which have chosen to rather give stakes to their staff and support struggling black entrepreneurs.

Woolworths shares dip as sales disappoint
18/11/2011 - 08:32
Shares in Woolworths fell more than 2% yesterday after the food and fashion retailer reported disappointing sales growth in its clothing unit as well as poor volume growth in its first five months of trading in its full year.

Supply chain costs eat into profits for Kellogg
08/11/2011 - 09:47
Kellogg Company has vowed to "improve interaction with suppliers" after posting disappointing third quarter financial results.

TFG's growth strategy delivers sales ahead of sector
03/11/2011 - 16:35
Retail group TFG (The Foschini Group) has surged ahead of competitors in the retail sector increasing turnover by 18.5% to R5.4 billion and headline earnings per share by 25.6% to 341,9c in the six months to end September 2011.

PnP wins Sunday Times Top Brands Award
17/08/2011 - 16:26
Pick n Pay once again receives highest honour at the Sunday Times Top Brands Awards.

Demand for Nike brand still strong
28/06/2011 - 08:00
New York - Nike Inc reported stronger-than-expected quarterly earnings on Monday as a 14% increase in revenue helped offset higher costs, and orders showed surprising strength for the future.