The Foschini Group is trading at $53.51, up +5.19%, after its September 2, 2026 trading update showed online revenue up 15.3% globally and 54.1% in Africa.
- Group sales reached R23 billion, up 0.2%, with Africa sales up 3.4%.
- Online revenue reached 15.9% of group sales; the move appears company-specific rather than market-driven.
- Closing 180 additional stores over three years aims to improve profitability as shoppers move online, likely outweighing flat-sales concerns.