The Foschini Group (TFG) shares dropped to their lowest level since February 2010. The stock now trades below the lows experienced during the COVID-19 pandemic.
The share price has declined 39% year-to-date in 2026. This makes TFG the worst-performing retailer among its peers on the Johannesburg Stock Exchange.
Negative sentiment began after a capital markets day in August 2025. An October 2025 trading update intensified the slump by warning of a significant decline in earnings per share.