Foschini reports massive loss due to challenging economic environment

The Foschini Group (TFG) has recorded a drop in profits for the first six months ended 30 September 2023 (H1 2024) as it fights a challenging economic environment. “Performance in the current period was impacted by challenging trading conditions in all three territories, occasioned by rising interest rates, high inflation and, in South Africa specifically, … Continue reading Foschini reports massive loss due to challenging economic environment