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TFG to Shut 180 Stores Amid Online Sales Boom
2 Sep
Summary
- TFG expects to close 180 stores in the next three years.
- The closures aim to boost profitability for the retailer.
- This strategic move is driven by a surge in online sales.
South African fashion retailer TFG is set to close an additional 180 stores within the next three fiscal years. This initiative is designed to improve the company's overall profitability.
The decision comes as TFG experiences a notable increase in its online sales channels. This strategic pivot reflects evolving consumer shopping habits and the growing importance of e-commerce in the retail landscape.
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