Foschini identifies 300 stores to be shut down in South Africa

• The Foschini Group (TFG) has identified 300 underperforming and marginal stores within its network, with 100 already closed in its 2026 financial year.
• The store closures are part of TFG's strategic recalibration, aimed at reducing its cost base and improving profitability, driven by the growth of its e-commerce platform Bash.
• The move is expected to have a significant impact on the retailer's operations, with TFG hoping to prevent future losses and improve its capital returns through the rationalisation of its store network.