The Foschini Group (TFG) will close approximately 280 stores across Africa by 2029. The company already shuttered 85 underperforming locations. These closures occurred during the 21 weeks ending August 22, 2026.
Group sales reached R23 billion during this period. Total group sales increased by 0.2%. Physical store sales in Africa grew by 0.2%. Online sales surged 54.1% via the Bash e-commerce platform. TFG expects the consumer market to remain under pressure.