Retailer says consumers spend less, visit malls less often, and it has fewer trading hours when it closes stores due to blackouts
Clothing retailer TFG Africa, owner of Markham, Coricraft, Jet, Fabiani and The Fix brands among others, has predicted it lost R1bn in revenue due to load-shedding in its year to end-March.
The owner of more than 30 brands, says consumers spend less, visit malls less often, and it has fewer trading hours when it closes stores due to blackouts . ..A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.
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