TFG, formally known as The Foschini Group, reported a headline loss per share of 91 cents in the six months to Sept. 30, compared to headline earnings per share of 531.2 cents a year earlier.
HEPS is the main profit measure in South Africa.
The retailer also blamed the dilution impact of its 3.95 billion rand rights offer as well as the acquisition of certain stores and assets of budget clothing retailer Jet.
Trade was heavily impacted by significant store closures in April and May, equating to eight weeks in lost turnover, with lockdowns in the UK and Australia impacting sales further, it said.
TFG's clothing business was the hardest hit, impacted by heavy promotional activity in the sector and subdued demand for occasion and formal wear as people were forced to stay and work from home. Cellular and homeware, however, performed strongly, it added.
Group retail turnover fell 26.1% to 12.5 billion rand, while online sales, which now contribute 14.4% to group retail turnover, for TFG Africa and TFG Australia jumped 116% and 67%, respectively.
(Reporting by Nqobile Dludla; Editing by Shailesh Kuber and Kim Coghill)
