Black Friday deals help TFG to 17% sales bump in December quarter

Clothing and homeware retailer TFG had a bumper December quarter, with retail turnover rising 17.3% year on year, as consumers rushed to buy Black Friday’s discounted merchandise.

TFG said on Friday that all merchandise categories in SA grew retail turnover in the three months to December, save for cosmetics and cellphones, which were affected global supply-chain disruptions. Group cash retail turnover grew 16.8%, contributing 79.4% to total retail turnover while credit retail turnover grew 19.2%.

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