CORPORATE PROFILE
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. The Foschini group 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
Foschini Limited has the following operating divisions:
Retail
- Foschini, branded as Foschini, donna-claire, Luella and fashíonexpress
- Markham
- exact!
- The Sports division, branded as sportscene, Totalsports and DueSouth
- The Jewellery division, branded as American Swiss, Matrix and Sterns
- @home, branded as @home and @homelivingspace
- TFG Apparel Supply Company
- Group Merchandise Procurement and
- FG Financial Services.
The retail divisions retail clothing, jewellery, accessories, cosmetics, sporting and outdoor apparel and equipment 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 63%.
RCS Group
- Transactional Finance, comprising RCS Cards and RCS Private Label Cards and
- Fixed Term Finance, comprising RCS Personal Loans and insurance products.
RCS Group, the external financial services division provides a broad range of financial services under its own brand in South Africa, Namibia and Botswana.
