The Foschini Group (TFG) has seen a jump in group sales, with Bash driving a strong increase in online sales.<\/p>\n\n\n\n
In a trading update for April to December 2024\u2014which includes Q3 from September to December 2024\u2014Foschini said that group sales grew by 8.4% for Q3.<\/p>\n\n\n\n
This was far ahead of the 2.0% seen in the first half of the FY2025 financial year.<\/p>\n\n\n\n
Group sales were up 1.6%, with gross profit up 5.9% compared to the prior nine-month period. <\/p>\n\n\n\n
Group online sales also grew by 47.2% in Q3 FY2025 and by 49.3% in TFG Africa. They also grew by 20.8% year-to-date for FY25, contributing 11.3% to total retail sales. <\/p>\n\n\n\n
The group added that like-for-like sales for TFG Africa grew by 4.6% in Q3 FY2025.<\/p>\n\n\n\n
TFG Africa’s online sales grew by 41.4% for the YTD FY2025 and now contribute 5.6% to overall sales. This was driven by the Bash platform, it said.<\/p>\n\n\n\n
“Bash also achieved strong market share gains in December 2024 against a backdrop of declining market shares for some of the pure-play retailers,” said TFG. <\/p>\n\n\n\n
TFG Africa’s year-to-date gross margin increased by 210 basis points compared to the prior nine-month period, with a high contribution from full-price sales in November and December.<\/p>\n\n\n\n
Credit sales turnover grew by 7.3% in Q3 FY2025 and by 4.0% for the nine months, contributing 25.8% to total sales.<\/p>\n\n\n\n
Following the acquisition of White Stuff, effective from 25 October 2024, TFG London increased sales by 46.5% in Q3 FY2025 in GBP and by 0.6% on a comparable basis.<\/p>\n\n\n\n
On a standalone basis, White Stuff saw its sales increase by 18.3% in the third quarter of the prior period.<\/p>\n\n\n\n
TFG Australia continues to face difficult trading conditions but has shown improvement in its performance in Q3.<\/p>\n\n\n\n
Sales only dropped by 0.5% compared to the 2.4% contraction in the first half of the year in AUD.<\/p>\n\n\n\n
“Management’s focus on inventory management has also ensured an improvement in gross margin by 80 basis points year to date,” said TFG. <\/p>\n\n\n\n The group has a positive outlook for South Africa, with a modest recovery expected for 2025. <\/p>\n\n\n\n Sales in TFG Africa increased 14,6% for the 3 weeks ended 18 January 2025.<\/p>\n\n\n\n TFG Africa also looks to expand its store estate footprint by adding over 100 new stores during the 2026 financial year. <\/p>\n\n\n\n That said, it will continue to rationalise its store portfolio to enhance the return on capital employed.<\/p>\n\n\n\n Although the UK economy is under pressure, the group has been encouraged by the performance of White Stuff and its positive impact on the business. <\/p>\n\n\n\n Sales in the 3 weeks ended 18 January 2025 grew 63.3% in GBP including White Stuff, and by 1,9% when excluding White Stuff.<\/p>\n\n\n\n In Australia, sales for the three weeks ended 18 January 2025 grew by 3.0% in AUD.<\/p>\n\n\n\n Although trading conditions remain challenging, the economy looks to be stabilising with interest rate reductions expected soon. <\/p>\n\n\n\n <\/p>\n","protected":false},"excerpt":{"rendered":" The Foschini Group’s Bash is driving online sales in the group, which jumped by close to 50% in the final few months of 2024. <\/p>\n","protected":false},"author":95,"featured_media":642651,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9872],"tags":[8891,9214,20827],"class_list":["post-808469","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-bash","tag-tfg","tag-white-stuff"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/808469","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/95"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=808469"}],"version-history":[{"count":6,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/808469\/revisions"}],"predecessor-version":[{"id":808490,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/808469\/revisions\/808490"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/642651"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=808469"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=808469"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=808469"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Business segment<\/strong><\/td> Q3 FY2025<\/strong><\/td> YTD FY2025 <\/strong><\/td> YTD FY2025 contribution<\/strong><\/td><\/tr> TFG Africa<\/td> 5.3%<\/td> 2.2%<\/td> 70.8%<\/td><\/tr> TFG London <\/td> 45.5% <\/td> 7.2%<\/td> 13.7%<\/td><\/tr> TFG Australia<\/td> -3,0%<\/td> -5.2%<\/td> 15.5%<\/td><\/tr> Group<\/td> 8.4%<\/td> 1.6%<\/td> –<\/td><\/tr><\/tbody><\/table><\/div> Outlook <\/h2>\n\n\n\n