The Foschini Group is mounting a challenge to global giants expanding aggressively into the local e-commerce market.
Browsing: TFG
The retail fashion group has attributed much of the growth in online sales to the success of Bash.
Takealot Group has sold its online fashion business Superbalist to a private equity consortium.
Shein and Temu have exploited loopholes to undercut local e-commerce companies unfairly, Takealot said.
Local retail and logistics industry stakeholders have welcomed an intervention to protect South African retailers.
Bash, the online retail platform built by Superbalist co-founders Claude Hannan and Luke Jadeyekin for TFG, is proving to be a success for the retailer.
Retail group TFG’s online sales now make up almost 10% of its turnover, more than double the market average.
Shein has gained a strong foothold in the e-commerce market in South Africa. But is it competing on a level playing field?
Shein is the most downloaded shopping app on South Africa’s Google Play store. And it isn’t even trying that hard.
Luke Jedeikin and Claude Hanan, well known for founding Superbalist, join the TechCentral Show to unpack their new venture.