Turnover in the Foschini Group (TFG) Sports Division has grown a very strong 16.7% to R5.6-bn, compared to the group’s results announced a year ago. Sports clothing and footwear sold through Totalsports, Sportscene and DueSouth stores now account for 19.6% of the group’s R28.59-bn turnover. TFG turnover has grown 21.4% from last year.
Although the contribution to total turnover made by sportswear is lower than the 20.4% contribution of last year, this is due to TFG international clothing & footwear sales growing to 29.7% of total turnover (R8.5-bn). Fashion clothing and footwear contributed 21% to total turnover (down from 24%).
Clothing and footwear now account for 79.3% of group turnover, with cosmetics, homeware & furniture, jewellery and cellphones contributing the rest.
During the past year TFG Africa opened 146 new stores (compared to 206 last year) but, unfortunately, the group does not give a breakdown per division.