CORPORATE PROFILE

Corporate Profile

"During the current year, the group underwent a change of name from Foschini Limited to The Foschini Group Limited (TFG)."

In addition the JSE share code changed from FOS to TFG. This change in name is intended to convey to the market the fact that we currently have a significant portfolio of 14 retail brands. In addition we have a sizeable financial services business as well as a controlling interest in the RCS Group. The name change accordingly intended to emphasise the more diverse and broadly-based nature of our business.

Mission

The group’s mission is to be the leading fashion lifestyle retailer in Africa, by providing innovative, creative products and by leveraging our portfolio of diverse brands to differentiate our customer offering. Our talented and engaged people will always be guided by our values and social conscience.

History

The company, which commenced trading in 1924, has been listed on the JSE Limited since 1 January 1941 and is regarded as one of the foremost independent chain store groups in the country. The company’s success is strongly driven by its desire to provide the right merchandise to the respective target markets of all its trading divisions and its skill in achieving this objective has resulted in a successful track record. TFG believes that teamwork coupled with professionalism in all aspects of retailing will continue to be the foundation for the future.

Values

PROFESSIONALISM:
We are accountable and drive performance in a creative and innovative way

RESILIENCE:
We have the courage of our convictions and the boldness to constructively challenge

INTEGRITY:
Our word is our honour, we are honest and ethical

DIGNITY AND RESPECT:
We treat everyone like we want to be treated

EMPOWERMENT:
We have equal opportunity to grow in a supportive environment

EXCELLENT SERVICE:
Our customers are our future - we look after them

Group Overview

TFG has the following operating divisions:

RETAIL

@home, branded as @home and @homelivingspace
Exact!
Foschini division, branded as Foschini, Donna-Claire, Fashion Express and Luella
Markham
Sports division, branded as Sportscene, Duesouth and Totalsports
Jewellery division, branded as American Swiss, Matrix and Sterns
Retail Technology division which currently manages the group’s cellphone and related product offerings
TFG Design Centre and
TFG Merchandise Procurement

The retail divisions retail clothing, jewellery, accessories, sporting and outdoor apparel and equipment, cellular goods and services, and homeware to the broad, middle-income group throughout southern Africa, mainly as a credit retailer. The ratio of credit sales to total turnover approximates 62%.

FINANCIAL SERVICES

TFG Financial Services manages the group’s in-store card programme as well as handling the group’s financial service products such as club and associated magazines, and insurance products.
RCS Group is an operationally independent consumer finance business that provides a broad range of financial services under its own brand in South Africa, Namibia and Botswana. It is structured into two operating business units being:

Transactional Finance, comprising RCS Cards and RCS Private Label Cards; and
Fixed Term Finance, comprising RCS Personal Loans and insurance products.

SERVICE DIVISIONS

The retail trading divisions are supported by a number of centralised service functions.