Warning to top South African fashion retailer closing stores
- TFG has already closed 85 of its stores in the first half of its financial year, with 400 closures planned in total.
- The company's sales growth has not kept pace with inflation, and it has struggled to compete with imports from fast-fashion giants Shein and Temu.
- COSATU has called upon TFG to earnestly consider the impact of store closures on its staff and to find progressive alternatives to mitigate the devastating blow to workers across the African continent.
Stay informed. More top South African stories on The Feed SA · Follow on Facebook