The Foschini Group (TFG) has seen a rise in sales, supported by the acquisition of the UK-based White Stuff. <\/p>\n\n\n\n
In October 2024, TFG acquired White Stuff via its UK subsidiary. White Stuff has over\u00a0100 stores and about 50 concessions in the UK.\u00a0<\/p>\n\n\n\n
White Stuff, which was founded in 1985, specialises in uniquely designed clothing and accessories for women, men and children.<\/p>\n\n\n\n
In a trading statement for the 13 weeks ended 28 June 2025, TFG\u2019s overall sales grew by 11.5% to R14.4 billion, supported by the acquisition of White Stuff.<\/p>\n\n\n\n
TFG London was impacted by the continued weak UK economy; but with the addition of White Stuff to the portfolio, sales increased by 57.7% in GDP.\u00a0<\/p>\n\n\n\n
However, sales dropped by 2.6% in GDP when excluding White Stuff. Online sales contribute 43.1% of total TFG London Sales. <\/p>\n\n\n\n
TFG Africa saw retail sales for the first eight weeks of FY2026 increase by 9.9%. <\/p>\n\n\n\n
This strong early performance was driven by the timing shift of the Easter holidays into April and a robust sales performance in May due to winter.\u00a0<\/p>\n\n\n\n
This increase came off a weaker 2024 base, which was impacted by the pre-election consumer caution.<\/p>\n\n\n\n
June 2025 sales slowed and were flat on the comparative period, whilst total market retail sales reported by RLC dropped by 4.0%. <\/p>\n\n\n\n
The impact was worsened by the shift of school holidays from the last two weeks of June into July, leading to significant promotional activity across the market. <\/p>\n\n\n\n
Store sales rose by 3.2%, complemented by a strong online sales performance.<\/p>\n\n\n\n
The store network expanded by a net 3 stores, bringing TFG Africa\u2019s total store count to 3,617 stores. <\/p>\n\n\n\n
Online sales grew by 40.2% and now contribute 7.0% of total TFG Africa sales, driven by the continued strong performance of Bash. <\/p>\n\n\n\n
Credit sales grew by 9.3% and contributed 28.2% of total TFG Africa sales, with the debtors’ book growing by 9.0% to R9.1 billion. Acceptance rates for new accounts increased by 0.5% to 20.3% <\/p>\n\n\n\n
The clothing segment saw its total sales increase by 4.2%, the Homeware segment saw a rise of 8.5% and the Beauty segment saw a 24.5%. <\/p>\n\n\n\n
TFG Australia continued to face challenging trading conditions with sustained high inflation and interest rates impacting the consumer. <\/p>\n\n\n\n
Sales were 2.8% lower in AUD, with a mixed performance throughout the period in a highly promotional market. <\/p>\n\n\n\n \u201cGlobal and domestic business conditions have been volatile due to uncertainty surrounding proposed trade tariffs, hindering broader economic recovery and resulting in subdued GDP growth of just 0.1% for Q1 2025,\u201d said TFG.<\/p>\n\n\n\n \u201cIn TFG Africa, we remain confident in our ability to sustain gross margin and control costs. H1 is expected to be particularly challenging given the slow June trade, inconsistent trends and a promotional winter in SA.\u201d <\/p>\n\n\n\n That said, the group still expects to open over 100 stores in FY2026, while continuing to optimise its existing store portfolio, <\/p>\n\n\n\n While the UK economy remains under pressure, the group was pleased by the strong performance of White Stuff. <\/p>\n\n\n\n Sales growth was 68,8% in GBP for the three weeks ended 19 July 2025. When excluding White Stuff, sales growth was 6.3%.<\/p>\n\n\n\n In Australia, sales contracted by 4.1% in the three weeks ended 19 July 2025. Despite challenging trading conditions, the economy is stabilising with two quarter-percent interest rate reductions in recent months.<\/p>\n","protected":false},"excerpt":{"rendered":" The Foshini Group has seen a rise in sales, supported by the acquisition of White Stuff in the UK.\u00a0<\/p>\n","protected":false},"author":95,"featured_media":834256,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9872],"tags":[23312],"class_list":["post-834251","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-tfg-africa"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/834251","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=834251"}],"version-history":[{"count":4,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/834251\/revisions"}],"predecessor-version":[{"id":834264,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/834251\/revisions\/834264"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/834256"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=834251"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=834251"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=834251"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Business Segment<\/th> Q1 FY2026 vs Q1 FY2025<\/th><\/tr><\/thead> TFG Africa (ZAR)<\/td> 5.2%<\/td><\/tr> TFG London* (GBP)<\/td> 57.7%<\/td><\/tr> TFG Australia (AUD)<\/td> (2.8%)<\/td><\/tr> Group (ZAR)<\/em>*<\/td> 11.5%<\/strong><\/td><\/tr><\/tbody><\/table><\/div><\/figure>\n\n\n\n Outlook\u00a0<\/h2>\n\n\n\n