TFG set to draw a line on rentals

21 June 2020 - 00:02 By NICK WILSON

TFG, one of SA's biggest retailers, says it will close stores in malls with low footfall if it can't achieve fair rental deals with landlords when leases come up for renewal.

The owner of the Foschini, Markham, Totalsports, American Swiss and @home brands says this applies to stores at shopping centres where there has been a dramatic drop in foot traffic and revenue due to the Covid-19 pandemic...

This article is reserved for Sunday Times subscribers.

A subscription gives you full digital access to all Sunday Times content.

Already subscribed? Simply sign in below.

Registered on the BusinessLIVE, Business Day, Financial Mail or Rand Daily Mail websites? Sign in with the same details.

Questions or problems? Email or call 0860 52 52 00.