TFG (The Foschini Group)

Check out our amazing Bash Studio! 🙌

🙌 TFG delivers a solid performance, taking further market share in all key categories 🙌 TFG announced its annual financial results, demonstrating the Group’s continued operating strength despite macro-economic headwinds. HIGHLIGHTS - Revenue up 8,9% to a record R60,1 billion 🐐 - TFG Africa retail turnover up 10,4%, with year-long market share gains across all major merchandise categories - Online retail turnover up 22,0% to R5,6 billion, contributing 9,9% to total retail turnover, the growth largely attributable to the South African performance of its Bash platform - Positive operating leverage with operating profit before finance costs up 9,9% to a record R5,9 billion 🐐 - Final dividend declared of 200 cents per share, an increase of 33,3% - Achieved a Level 2 B-BBEE compliance, the highest of any major retailer Our CEO, Anthony Thunström, said, “Through our aggressive growth of revenue, at the expense of our competitors, and the effective management of costs, we have delivered compelling positive operating leverage. In many cases, revenues, margins, gross profit and EBIT have been at record levels in Rand terms across all of our territories, demonstrating the strength of our diversified business. We are confident in our strategy and are keenly focused on its execution to capture additional market share from competitors and continue to deliver profitable growth.” To view the full recording of the results presentations click here: https://lnkd.in/dQDbb6k9

The recent flooding and severe weather in KwaZulu Natal and the Eastern Cape have seen many people lose their homes, and tragically, some have lost their lives. As a values-lead business, we are committed to serving the communities in which we operate. Therefore, through our partnership with Gift of the Givers Foundation, we will be donating blankets made in our own factories to support their disaster relief efforts in KZN and the Eastern Cape. Some of our own TFG team members have lost their homes and we will be supporting them directly. Our thoughts are with our communities affected by this severe weather. 💜

Join the TFG Management Team for our annual financial results. Don't miss this opportunity to stay informed and be part of the TFG journey. See you there! 📅 Date: 7 June 2024 ⏰ Time: 10h00 🌐 Live Stream Link: https://lnkd.in/eDnea-5M #TFG #FinancialResults

TFG is a proud partner of the Youth Employment Service (YES) South Africa YES4Youth programme, a youth programme with a transformative vision. We have created over 2300 opportunities for youth in the past 3 years. TFG, with YES4Youth, is committed to connecting youth to economic opportunities and will be creating an additional 1300 jobs to support this initiative over the next few months. 🚀   TFG provides 12-month YES workplace contracts to unemployed youth in South Africa. Opportunities in the YES programme are offered to anyone from Grade 10 to tertiary-level candidates. We help you with work readiness programmes through extensive online training via a smartphone and, as an added benefit, you get to keep the phone when you complete the programme with us!  🙌 https://lnkd.in/edsbkkEJ To explore TFG Yes4Youth opportunities near you visit our career portal: https://lnkd.in/dDu5uNVx

We were very proud to host the Minister of Trade, Industry & Competition, Mr Ebrahim Patel, and members of the NCRF, at our TFG Prestige manufacturing facility in Epping today for discussions on the Retail Clothing, Textile, Footwear and Leather (R-CTFL) Master Plan. TFG CEO, Anthony Thunström, and the TFG team took the minister on a tour of our Epping factory to illustrate how we are delivering on the goals set out in the Master Plan. The R-CTFL Master Plan was developed to produce a competitive, sustainable and dynamic R-CTFL value chain that is invested in growing employment and advancing inclusion and transformation.

🏆 TFG REWARDS RECOGNISED ON A GLOBAL STAGE! 🏆   TFG Rewards walked away with two wins last night at the International Loyalty Awards held in Dubai. The awards celebrate excellence, innovation and best practice in the loyalty industry from across the world.  TFG won the Loyalty Redefined category and the Best Use of Technology category.   Congratulations to the TFG Rewards team and thank you to all of our customers for your support! This one’s for you! 

Always a pleasure hosting James Vos Mayoral Committee Member for Economic Growth and his team! 👏

🚀 Looking for a career in buying or merchandise planning? We have a universe of opportunities for you at TFG. 🚀   The planning team are keen analysts and scenario planners who are responsible for ensuring we have the right product, in the right stores, at the right time, at the right price, in the right quantity. They work closely with the buying team to ensure future trends and possibilities become reality in our stores. Our buying teams are fashion and trend aware and have a flair for fashion. They know exactly what our customers want to see on our shelves. Their strengths include the ability to do extensive trend research, negotiate contracts with suppliers, manage product margins, evaluate product quality, and understand consumer behaviour. https://lnkd.in/dEW5rEUA We’re with you. Are you with us? https://lnkd.in/d2Vbr2jJ

Well done (once again!) to Gerda Steyn who won the Totalsports Two Oceans Marathon for the 5th time yesterday, beating her own personal best time! 🏆 🙌