The Foschini Group's 180 Store Closure Plan: A Shift in Retail Strategy The Foschini Group (TFG) has announced plans to close an additional 180 stores over the next three financial years, sparking concerns about the decline of physical retail.
However, this decision is not simply a reflection of the industry's woes; it marks a deliberate shift in TFG's business strategy.
Established in 1924, TFG has navigated numerous economic downturns and industry disruptions by adapting its model to stay ahead of the curve.