Phase Eight owner eyes store closures as part of restructure

Phase Eight owner TFG has warned underperforming stores could close as it moves to cut costs across the struggling womenswear brand.
The South Africa-based retail group said it would “accelerate right-sizing” of Phase Eight’s footprint and costs over the next 12 months.
It did not disclose how many stores could be affected or which locations were under review.
TFG said Phase Eight’s performance had been “heavily impacted over several years” by the decline of d