The Foschini Group – owner of major retail store brands like Sportscene, @home and Jet – reported an 8.9% jump in revenue to a record R60.1 billion on Friday for the full-year ended 31 March 2024.
The Cape Town-headquartered retailer, which announced a franchise agreement with JD Sports Fashion in March this year that will see TFG being its exclusive retail partner in South Africa, said it saw “year-long market share gains across all major merchandise categories”. TFG declared a final dividend of 200 cents per share for FY2024 – a jump of 33.3% over the prior financial year.
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