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Opinion - Let us Acknowledge the Progress Made by Our Retail Stores


We have seen the Foschini Store making head lines for all the right reasons! The said companies have decided to reduce their imported items from ChinaAccording to the CEO of Foschini Mr. Anthony thunstrom, said the decision is not for the weak. Mr Price 35% of their clothing is manufactured locally and Foschini at least at 45% locally produced and intended to increase it to 50%.Truworths Also just bought a clothing company known as Barrie Cline clothing. It was supplying them for the passed 20 years. They have saved and generated significant value of money. They are also able to respond in time as far as the fashion sense and demand is concerned!It said, that the factory of Foschini will create an estimated number of 500 jobs, in the western Cape. Let's hope Eskom won't disappoint with electricity. In addition Pep store, pick and pay clothing are also sourcing local.

I guess the only thing left, is that, at least 1 percentage shares for employees, even after retirement, they should be able to benefit!

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Cape Foschini Foschini Store Pep Price


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