The fashion retailer published a trading update for the 22 weeks to 29 August on Tuesday afternoon, which showed a 29.7% decline in the group's retail turnover over that period. TFG London was hit the most as sales tanked 58% between April and end August. "Trading conditions across all three of the Group’s major territories, South Africa, the United Kingdom and Australia, continue to be challenging," wrote the company in the trading update. "In South Africa, continued electricity load shedding has further impacted on the country’s economy. Approximately 15 000 trading hours have been lost to load shedding during the months of May to August."

Source: News 24 September 15, 2020 19:19 UTC