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FOSCHINI NEWS ON FASTMOVING

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Foschini launches all-woman concept store

Foschini launches all-woman concept store

06/09/2019 - 08:26
Fashion group Foschini has opened an All Woman concept store in the newly renovated Fourways Mall. read more
The owner of Foschini grabs market share

The owner of Foschini grabs market share

04/09/2019 - 11:41
Clothing group TFG says cash turnover has grown solidly in the first 21 weeks of its 2020 financial year, but credit extension remained almost flat in Africa due to reduced consumer spending. read more
Foschini's cash sales climb, but credit is under pressure

Foschini's cash sales climb, but credit is under pressure

03/09/2019 - 13:58
The JSE-listed clothing retailer the Foschini Group [JSE:TFG] announced a 14.1% increase in cash sales in its South African operations in the first 21 weeks of 2020, while sales on credit only rose 0.9%. read more
Foschini, Clicks offering good returns

Foschini, Clicks offering good returns

10/06/2019 - 14:55
Prospects for retail sector companies on the JSE had withered this year in line with the slumping economy, but there were outliers, such as Foschini and Clicks, providing good returns for shareholders in the sector, analysts said. read more
TFG bucks retail trend over festive season

TFG bucks retail trend over festive season

18/01/2019 - 08:00
Apparel group TFG, which operates the Foschini, American Swiss and Markham chains, has bucked the retail trend and produced solid growth numbers for the festive season. read more
TFG showcases #BlackFriday deals

TFG showcases #BlackFriday deals

21/11/2018 - 10:40
Update your summer style with the best of Black Friday deals. Whether you want to dress up or down, get new sports gear, fashion for your kids or the latest in jewellery, technology or homeware – this is one shopping list you’ll definitely find it on! read more
Will Cyber Monday trump Black Friday?

Will Cyber Monday trump Black Friday?

20/11/2018 - 16:33
Retailers and shoppers gear up for what promises to be the biggest sale day of the calendar year, Black Friday, but with payday falling after Black Friday, will Cyber Monday outsell Black Friday this year?  read more
TFG appoints new chief finance officer

TFG appoints new chief finance officer

01/08/2018 - 20:45
Ntuli leaves Grindrod Freight Services to take up the role in September when Anthony Thunström become CEO of TFG. read more
TFG named ‘Retailer of the Year’ at  2018 Canal Walk Retail Excellence Awards

TFG named ‘Retailer of the Year’ at 2018 Canal Walk Retail Excellence Awards

28/06/2018 - 11:32
Fashion and lifestyle retailer, TFG walked away with the prestigious ‘Retailer of the Year’ award at the 2018 Canal Walk Retail Excellence Awards. The Group has 26 stores trading in the shopping centre, representing all of its local brands.  read more
SA women increasing their purchasing power online

SA women increasing their purchasing power online

04/05/2018 - 14:50
South African women currently account for 47% of the country’s ecommerce market, according to a survey released by We Are Social which measures online shopping activity in South Africa annually. read more
Foschini in breach of credit act - NCR

Foschini in breach of credit act - NCR

04/07/2017 - 14:08
The National Credit Regulator (NCR) on Tuesday referred Foschini to the National Consumer Tribunal (NCT) for being in breach of the National Credit Act. read more
Deal brings Foschini Group hard currency, soft global entry

Deal brings Foschini Group hard currency, soft global entry

27/01/2015 - 10:10
Why go hunting abroad? read more
Foschini buys major stake in UK fashion firm Phase Eight

Foschini buys major stake in UK fashion firm Phase Eight

20/01/2015 - 12:23
The Foschini Group (TFG) on Friday snapped up a majority stake in UK fashion group Phase Eight, joining the running list of retailers seeking growth in alternative markets as SA’s poor economic prospects cast a shadow on spending. read more
Cash retailers ‘set for jollier Christmas’

Cash retailers ‘set for jollier Christmas’

11/11/2014 - 09:49
The strain on disposable income is likely to yield another mixed bag at Christmas with cash-based retailers such as Mr Price and Woolworths likely to fare better than credit-reliant players such as Truworths. read more
Namibia: First stores open at Keetmans Mall

Namibia: First stores open at Keetmans Mall

02/12/2013 - 09:49
Hundreds of shoppers flocked to the Keetmanshoop Old Mutual Retail Centre last month after Crazy Stores became the first outlet to open its doors to the public with Fashion Express and Exact following suit.  read more
Foschini African expansion to salvage poor SA retail outlook

Foschini African expansion to salvage poor SA retail outlook

11/10/2013 - 08:07
Foschini, JSE’s worst-performing clothing retailer this year, said it plans to open 21 new stores on the rest of the continent as consumers in South Africa continue to struggle in debt.  read more
Foschini: Offer to acquire RCS unit

Foschini: Offer to acquire RCS unit

19/08/2013 - 08:27
Johannesburg - South African retailer Foschini Group said on Friday it had received an unsolicited offer for its majority stake in a consumer finance joint venture it has with Standard Bank. read more
Foschini: Group cans plan to cut RCS stake

Foschini: Group cans plan to cut RCS stake

24/06/2013 - 11:00
Foschini was not proceeding to reduce its stake in unsecured lender RCS Investment Holdings after RCS shareholders concluded that its timing to pull out was not conducive for the lender to realise its fair value.  read more
Di clothing collection launched on local Botswana market

Di clothing collection launched on local Botswana market

10/06/2013 - 09:10
For many young people, fashion sense is what gives them status and dignity. With the diverse clothing lines and brands to choose from, every one of them is able choose a certain brand that they can identify with. David Motawana, or 'Di' has launched a clothing line in Botswana that many of the fashion conscious in Botswana will surely identify with.  read more
SA Retailers Edgars, Foschini To Open Store In Nairobi – Actis

SA Retailers Edgars, Foschini To Open Store In Nairobi – Actis

01/02/2013 - 09:05
Africa-focused private equity firm Actis has said that South African luxury fashion houses Edgars and Foschini are some of the retailers that have booked stores in its Sh12.6 billion ($144 million) 50,000 square metres Nairobi shopping mall which is under construction and expected to be Kenya’s biggest mall. read more
Foschini nine-month sales up

Foschini nine-month sales up

21/01/2013 - 08:19
Clothing retailer The Foschini Group (TFG) said on Friday group sales for the nine months to December increased by 11.4% from a year earlier‚ with same store sales growth of 5.6%.  read more
Nambia: Construction starts on the Old Mutual Keetmanshoop Retail Centre

Nambia: Construction starts on the Old Mutual Keetmanshoop Retail Centre

18/01/2013 - 09:34
His Excellency, President Hifikepunye Pohamba, on 26 October 2012 laid the foundation for the N$92 million Keetmanshoop Retail Centre, which is being developed by financial services giant Old Mutual. read more
Retailers weigh on JSE

Retailers weigh on JSE

16/01/2013 - 09:10
Johannesburg - The JSE closed Tuesday’s session in the red with platinums making gains due to potential supply constraints‚ while retailers took a beating on market expectations that retail earnings could be lower than previously expected. read more
Foschini Expands Outside South Africa to Boost Retail Growth

Foschini Expands Outside South Africa to Boost Retail Growth

19/11/2012 - 09:33
Foschini Ltd., a South African clothing and household goods retailer with nearly 2,000 stores, said it plans to open its first stores in Mozambique and Ghana as it accelerates an expansion drive outside its home market.  read more
Foschini stock tumbles as retailers take a hit

Foschini stock tumbles as retailers take a hit

21/08/2012 - 08:36
Retailers experienced their biggest one-day fall on the JSE in almost a year on Friday, on negative sentiment towards SA following the deadly labour dispute at Marikana, one of the country’s biggest platinum mines. read more
Retail stocks index drops

Retail stocks index drops

20/08/2012 - 10:30
Johannesburg - Retail shares came under selling pressure on Friday‚ with FTSE/JSE general retailers index falling to its lowest level in three weeks‚ giving credence to caution some analysts have made that the sector might be overheating given the strong run it has had in the last while relative to other areas of the stock market‚ such as resources. read more
Truworths ‘misread trends’ says analyst

Truworths ‘misread trends’ says analyst

16/08/2012 - 10:01
The latest figures from retailer Truworths indicate that the group has misread the fashion trends and lost out to Spanish chain Zara, an analyst said yesterday.  read more
Fast-fashion retailers see opportunity

Fast-fashion retailers see opportunity

01/08/2012 - 08:15
With the entrance of British fast-fashion chain Topshop into SA, the local clothing sector could count on a proliferation of new brands coming into the market, meaning more competition, lower prices and narrower margins, an analyst said yesterday. read more
Bourse unimpressed by Woolies update

Bourse unimpressed by Woolies update

18/07/2012 - 09:04
The share price of upmarket retailer Woolworths slipped as much as 3% yesterday after the group released a tepid sales update that fell short of the market’s expectations. read more
Game, Foschini tenants in Nairobi mall

Game, Foschini tenants in Nairobi mall

10/07/2012 - 08:17
Retailers Game and Foschini are expected to be the first South African companies to take occupancy at the proposed multipurpose Garden City shopping and residential complex being built in Nairobi with funding from private equity group Actis.  read more
Africa a modern day Mecca for multinationals

Africa a modern day Mecca for multinationals

05/07/2012 - 09:43
The continent, long shrouded in scepticism and instability has become a modern day mecca for consumer facing multinationals in search of higher yield.  read more
Cellphone revolution to change way SA shops

Cellphone revolution to change way SA shops

07/02/2012 - 09:21
The retail environment in SA will see big changes within the next year or so, experts say. The cellphone will be at the centre of the revolution.  read more
Foschini boosts sales

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%. read more
Truworths dives on below-forecast sales

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.  read more
Top retailers avoid equity BEE partners

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. read more
Woolworths shares dip as sales disappoint

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. read more
TFG's growth strategy delivers sales ahead of sector

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. read more
Foschini reports increase in earnings

Foschini reports increase in earnings

27/05/2011 - 11:10
Johannesburg - Fashion retailer Foschini witnessed a 19.6% increase in diluted headline earnings per share (Heps) to 619.9 cents from 518.2 cents for the year ending in March.  read more
The Investment Case – The Foschini Group Ltd

The Investment Case – The Foschini Group Ltd

13/05/2011 - 13:41
Orapa – Most South African's will be familiar with the fashion retail brand Foschini. Fewer may know that the listed Foschini Group includes businesses that extend well beyond clothing. read more