The Foschini Group shines bright in retail sector with...
Different business sectors each have their own stars and, in recent years, The Foschini Group has proved to be one such in the retail sector.
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Different business sectors each have their own stars and, in recent years, The Foschini Group has proved to be one such in the retail sector.
GMV and total revenue YoY growth reached 29% and 22%, respectively Gross profit increased 37% YoY, representing a margin expansion of 750 bps YoY VTEX VTEX, the
Clicks ClubCard is the most used loyalty programme in South Africa.
The near-100-year-old retailer, now called Strand, says sales are booming after a two-year COVID-19 induced hiatus.
And while holding out for a hero, the company will be entering business rescue. It’s another sad chapter in a tragic story, as the current management team just couldn’t deal with the ongoing economic onslaught and the disasters in KZN.