Edgars sales decline

CLOTHING retail outlet Edgars Stores Ltd suffered a decline in sales in the last quarter of 2018 due to the currency volatility rocking the market.The announcement by the Reserve Bank of Zimbabwe on O...

By Staff reporter | Published: 03 May 2019


Edgars charges on Edcon deal

Edgars Stores Zimbabwe (Edgars) stock headlined gains on the Zimbabwe Stock Exchange (ZSE) last week after surging 43,64 percent following an announcement that Edcon South Africa (Edcon) was shoring u...

By Staff reporter | Published: 30 January 2019


Edgars Zimbabwe customers win big in fashion extravaganza

THE annual Edgars Fashion Extravaganza's show curtains came down in Harare on Saturday as Zvishavane-based Nelly Mariri scooped the $10 000 grand prize at the promotion's grand draw.The ultimate winne...

By Staff reporter | Published: 26 November 2018


Edgars engaged in discussions that may impact share value

EDGARS Stores (Edgars) says it is engaged in discussions with an unnamed investor in a deal that may impact value of the company's shares.Buhlebenkosi Mpofu, the clothing retailer' company secretary, ...

By Staff reporter | Published: 06 September 2018


Edgars retrenches 90 workers

EDGARS Stores Limited has retrenched 90 workers from its Bulawayo branch citing a tough business operating environment.A senior director at the company, Mrs Linda Masterson, confirmed the development ...

By Staff reporter | Published: 27 June 2018


Edgars turnover up 37%

Listed clothing retailer Edgars Stores Limited's turnover for the first quarter to April 2018 grew 37 percent from the comparable prior year and was 10 percent above budget. After-tax profit was howev...

By Staff reporter | Published: 11 June 2018


Edgars to lay off 90 workers

PANIC has gripped workers at Edgars Stores Limited after their employer reportedly indicated plans to lay off about 90 of them in Bulawayo as part of a restructuring exercise.Management at the giant c...

By Staff reporter | Published: 08 June 2018


Edgars to resume exports

GIANT clothing manufacturer and retailer, Edgars Group, says it will soon resume garments and clothing exports into the region.In an interview after the ZimTrade/Zimra stakeholder engagement seminar h...

By Staff reporter | Published: 05 June 2018


Edgars store face closure

Edcon is considering closing its flagship Edgars store in the Johannesburg central business district (CBD) as part of a turnaround strategy to rescue the ailing retailer, BusinessDay reported.At a rec...

By BusinessDay | Published: 10 April 2018


Edgars on sound financial footing

ZMBABWE Stock exchange listed company, Edgars Stores Limited, continues to consolidate its sound financial footing after reducing borrowings to $4.6 million in the financial year ended January 7, 2018...

By Staff reporter | Published: 29 March 2018


Edgars defies economic odds

Clothing retailer Edgars Stores recorded a 25 percent increase in merchandise sales to $62, 8 million in the year to December 31, 2017, from $50,3 million despite economic challenges. Group chairperso...

By Staff reporter | Published: 29 March 2018


Edgars goes to court to recover $40 000

Edgars Stores in Bulawayo allegedly lost more than $40 000 it paid to a Harare company for supply of printers.The retail chain paid $43 000 into Nasraq Technologies' bank account in 2016 and the compa...

By Staff reporter | Published: 26 March 2018


Lucky Edgars customer pockets $10 000 cash

One lucky customer walked away with $10 000 in cash at Edgars Stores Fashion Extravaganza shop and win promotion.The leading clothing retail company and fashion house in Zimbabwe, held the Fashion Ext...

By Staff reporter | Published: 29 November 2017


Zim currency woes to hit Edgars product range

According to Edcon’s Zimbabwe-based clothing retailer Edgars Stores Limited, prevailing foreign currency shortages in the country will impact its product range.In a statement accompanying its result...

By Staff reporter | Published: 25 September 2017


Edgars maintains solid financial position

LISTED clothing retailer, Edgars Stores Limited has maintained a sound financial position allowing the company to meet its short-term financial obligations driven by reduction in net borrowings and en...

By Staff reporter | Published: 20 September 2017


Edgars interim profit jumps 400%

Listed clothing retailer Edgars Stores Limited's profit for the half year to July 2017 jumped 400 percent to $567 499 from $109 119 during the same period last year on increased sales and tighter debt...

By Staff reporter | Published: 19 September 2017


Edgars hit by foreign payment delays

CLOTHING retailer, Edgars Zimbabwe (Edgars), says it now owes international suppliers close to $2 million due to the country's foreign payment delays.The group's chain director, Vusa Mpofu, said Edgar...

By Staff reporter | Published: 31 August 2017


Edgars expects sales increase

LISTED clothing group Edgars Stores Limited expects an increase in sales contribution of about two percent annually after investing $500 000 in revamping its Stanley House branch in the Harare's cent...

By Staff reporter | Published: 28 August 2017


Imported clothes cripple Zimbabwe factories

TEXTILE companies imported clothes worth about $2 million in the first quarter of this year rendering their textile factories redundant and making government's efforts to protect the manufacturing sec...

By Conrad Mwanawashe | Published: 25 June 2014


Edgars records $281k loss in 4 months

ZIMBABWE Stock Exchange listed Edgars recorded a $281 000 loss in the four months to April 2014 when compared to the same period last year due to due to operating environment which tightened on the b...

By Staff reporter | Published: 29 May 2014


Edgars eye 70 000 account holders

Clothes manufacturer and retailer Edgars says its targeting over 70 000 account holders in their renewed push for brand loyalty. This follows the successful re-launch of the Edgars Club loyalty progra...

By Staff reporter | Published: 06 May 2014


Edgars turnover to grow further in FY14

Edgars Stores Limited will focus on cost control, more fashion, less price and a wider choice for customers to achieve profitable growth in FY14, group MD Linda Masterson told an analyst briefing toda...

By Staff reporter | Published: 11 March 2014


Edgars report improved set of financial numbers

Edgars Stores Limited reported a set of improved financial numbers showing an 8% growth in revenue to $67.7m. The Edgars chain was the biggest contributor to revenue at 80% while the Jet chain contrib...

By Staff reporter | Published: 11 March 2014


Edgars eye export market

Giant clothing manufacturer and retailer, Edgars Group is  set to resume garments and clothing exports to the European Union among other international markets.In an interview, Edgars Carousel man...

By Staff reporter | Published: 21 February 2014


EDGR | Unaudited results for HY ended 06 Jul 13

Financial Highlights:- Revenue: $ 28 694 924- Gross profit: $ 12 975 207- Trading profit: $ 2 454 915- Profit before tax: $ 1 612 287- Profit for the period: $ 1 097 177- Dividend: Nil- Total comprehe...

By Edgars | Published: 19 September 2013

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