South African retailers marching to our shores

 In Australia, International, NewZealand
South African-based brands are the latest wave of offshore retailers eyeing Australia as an expansion market, attracted by its proximity, similar climate, matching seasons and consumer outlook.
Woolworths Holdings led the way with its purchase of David Jones, Mimco, Country Road, Politix and Witchery, and now other brands are following.
This is despite the small and highly competitive Australian retail landscape being notoriously tough and 16 retail brands having hit the wall in the past year.
One of the latest to enter is the Foschini Group (TFG), one of Africa’s oldest companies, with 22 retail brands spread across 2700 stores including fashion, footwear, jewellery, cosmetics, telecommunications, homewares and furniture. Sydney Morning Herald – Read more…

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