TFG seems to have avoided costly blunders SA companies make in Australia as the owner of Sportscene and Foschini outlets says sales growth at its stores Down Under defy its own expectations.
The biggest reseller of Nike and Adidas products in SA reported the fastest sales growth among its three main divisions in the nine months to end-December in Australia, where it entered the market with the acquisition of Retail Apparel Group — a menswear chain bought for almost R3bn in 2017 and renamed TFG Australia.
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Mr Price reports market share growth as it keeps costs downThe retailer says retail sales and other income grew 3.5% to R7.4bn in the quarter to end December 28, adding it intends to keep prices low
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