News

Be a Hero……!!!

30 July 2019 It’s amazing how much can be achieved, if all of us had super powers. Right? But the great thing is one does not have to be a super hero to effect meaningful change in the society. It s the seemingly ordinary acts that unleash our super ...

EDGR.zw | Group Managing Director's Trading update- YTD May 2019

11 July 2019 The Group’s YTD PAT to May 2019 grew to Z$ 8.7million from $1.3 million last year while EBITDA increased by 524% to $16.3 million. Turnover was up 90% on last year but unit sales decreased by 16% with recent improvement for the Jet chain with positive ...

Edgars Stores donates classroom furniture to rural school

11 July 2019 In some parts of Zimbabwe, there are children sitting on dusty floors all day, trying to concentrate and learn while the teacher is checking on progress navigating her way in between kids occupying the floor space. The gods would have smiled on them if they ...

JET Stores equips rural school

5 June 2019 In response to some of the challenges being faced by Mushumbi Primary School, Jet Stores a subsidiary of Edgars Stores Limited donated, on Monday 27th May 2019, classroom furniture and stationery to the school. The donation received by the school was a collaborative initiative of Jet ...

Edgars | Notice of 70th Annual General Meeting

4 June 2019 Notice to Members Notice is hereby given that the 70th Annual General Meeting of members will be held at Edgars Training Auditorium, 1st Floor LAPF House, 8th Avenue / Jason Moyo Street, Bulawayo, 11th July 2019 at 09.00 hours. Following is the Agenda for the meeting:- Ordinary ...

Edgars 2018 Annual Report released

4 June 2019 The Board of Directors is pleased to release the Edgars Stores 2018 Annual Report. Below are some excerpts from the report:- FINANCIAL OVERVIEW Foreign currency shortages necessitated an import substitution program which, through the efforts of our sourcing teams, was largely successful. Despite these endeavours, local production ...

All about the glitz and glamour at Castle Tankard

12 May 2019 Castle Tankard is one of the biggest horse racing competitions in Zimbabwe each winter. Beer lovers, fashion fiends, punters, music fans from around the country flock to the heart of Borrowdale, Borrowdale Race Course to see top artists from all genres perform live- and of ...

Edgars donates to Chikurubi Female Prisoners

2 May 2019 The emotional toll of having to wear the same set of undergarments for days, weeks, months end or non at all can be debilitating especially if you are a woman behind bars. In light of this Edgars donated 340 sets of under garments to Chikurubi ...

Rising from the ashes

2 May 2019 The iconic Jet Stores which was officially opened in 2012, re-opened its doors in Kadoma on Thursday, 11th of April 2019, four months after it was razed to the ground by a fire that also destroyed its sister store, Edgars Stores. The new Kadoma branch, sports ...

EDGR.zw | FY2018 audited financial results

30 April 2019 CHAIRMAN’S STATEMENT FINANCIAL OVERVIEW Foreign currency shortages necessitated an import substitution program which, through the efforts of our sourcing teams, was largely successful. Despite these endeavours, local production was somewhat erratic due to the inability of our suppliers to source inputs. Imported product lines which could not ...

EDGARS | Scrip dividend announcement to Shareholders

4 April 2019 The Board has declared a dividend of RTGS 0.5 cents per share to shareholders reflected in the company’s register on the record date being 3 May 2019. Shares will trade cum -div until 29 April 2019 and ex-div from 30 April 2019.The payment date will be ...

Edgars Group pitches in to help cyclone Idai victims

1 April 2019 The month of March will forever be etched in the minds of many as the ‘Black Month. Mountainous Eastern Highlands woke up to severe floods that left the Chimanimani reeling under the worst cyclones to be recorded in the history of Zimbabwe. The devastating effects ...

EDGR.zw | FY2018 financial results and presentation (unaudited)

27 March 2019 CHAIRMAN’S STATEMENT FINANCIAL OVERVIEW Foreign currency shortages necessitated an import substitution program which, through the efforts of our sourcing teams, was largely successful. Despite these endeavours, local production was somewhat erratic due to the inability of our suppliers to source inputs. Imported product lines which could not ...

EDGARS | Notice to shareholders

25 March 2019 Reference is made to the notices published by Edgars Stores Limited (“Edgars” or “the Company”) on 22 January 2019 regarding the results of the Extraordinary General Meeting (EGM) of Edgars’ shareholders where shareholders approved the proposed transaction by the required majorities and the conditions precedent ...

For the love of the heart...

1 March 2019 Edgars Stores Limited believes there are so many ways to get involved in our local and global communities. We are always inspired by other organisations and corporate entities that put their heart in the various projects that they run. Beginning of this year, the iconic fashion ...

Horses assist healing children with disabilities

1 February 2019 Have you ever imagined that there is more to a horse than riding it for sport or recreational purposes? Horse riding always sounds like a perfect weekend getaway activity - right? Well, it is, and unbeknown to many, horses are remarkable for people with disabilities ...

EDGARS | Results of Extraordinary General Meeting

23 January 2019 The Directors of Edgars Stores Limited wish to advise shareholders that as per the Notice published on the 21st of December 2018, the company held the Extraordinary General Meeting of shareholders on the 16th of January 2019. The results of the voting on the proposed ...

Climate change Kokolombeni

2 January 2019 For a healthier, happier enviroment!!! At the wake of apparent effects of climate change, we have realised that there are countless ways to improve and protect our environment to change the world for the better. In partnership with Zimbabwe Climate Change Coalition, Edgars Stores, Ministry Primary ...

EDGARS | Circular to Shareholders

21 December 2018 NOTICE OF THE EXTRAORDINARY GENERAL MEETING OF THE MEMBERS OF EDGARS STORES LIMITED Notice is hereby given that an Extraordinary General Meeting (“EGM”) of the members of the Company will be held at 10:00 hours on Wednesday 16 January 2019, at the Edgars Training Auditorium, 1st ...

Dear Santa all i want for Christmas is……… A little cheer ahead of time

20 December 2018 We wish if we could go back to the simplicity of Christmas days in the 1980s. When cassettes were still a thing and rice, chicken ,coke as well as moving around the neighbourhood donning your new clothes were the true definition of Christmas. In the ...

EDGARS | Cautionary Statement

30 October 2018 The Directors of Edgars Stores Limited wish to advise all shareholders that the Company is still engaged in discussions that may result in a transaction which may have a material impact on the value of the Company’s shares. The Directors therefore advise shareholders to exercise caution ...

EDGARS | Cautionary Statement

25 September 2018 The Directors of Edgars Stores Limited wish to advise all shareholders that the Company is still engaged in discussions that may result in a transaction which may have a material impact on the value of the Company s shares. The Directors therefore advise shareholders to exercise ...

EDGR.zw | HY2018 financial results

18 September 2018 CHAIRMAN S STATEMENT Despite the challenging environment of foreign currency shortages and the threat this has on margins and merchandise assortments, the Group s sales of merchandise has grown from $24.1m in the half year to June 2017 to $31.1m in the same period in 2018, ...

The Triple Effect

17 September 2018 Giving back to the community is more than just charity, it is a way of improving the quality and dignity of people’s lives in many ways. Everything you give will be useful to someone somewhere and will help beyond measure. As The Edgars Group we ...

EDGARS | Cautionary Statement

4 September 2018 The Directors of Edgars Stores Limited wish to advise all shareholders that the Company is engaged in discussions that may result in a transaction which may have a material impact on the value of the Company’s shares. The Directors therefore advise shareholders to exercise caution when ...

Ploughing Into the Future

31 August 2018 We are eager to participate in sustainable initiatives. As Edgars we are driven by the belief that investing in people is a reality that works in eradicating poverty. At group level, we continue partnering with different rural schools across the country to create a conducive ...

Transforming through Clean Water

30 June 2018 For a rural Zimbabwean child of school going age, fetching water is one of the daily core house chores which can be time consuming and exhausting. Access to water is synonymous with struggle, and this will leave one grateful for every drop of water. Imagine a ...

EDGR.zw | Group Managing Directors' Trading update - YTD April 2018

8 June 2018 The Group’s turnover has grown by 37% on last year and 10% on budget. This is pleasing in the constrained environment of foreign currency shortages and the negative impact this has on margins and merchandise assortments. Growth in turnover has slowed due to underplanning of ...

EDGR.zw | Release of 2017 annual report

17 May 2018 The Board of Directors of Edgars Stores Limited is pleased to release the 2017 annual report. Below are excerpts from the Chairman s Report. Chairman’s Statement Improvements in merchandise assortments, customer service, promotions, revamps and the new political dispensation together with utilisation of excess RTGS balances resulted ...

Going Green

1 May 2018 With the rapid change in global climatic conditions, The Edgar’s group believes we have a critical role to play towards more sustainable and eco-friendly business practises. We have cut the amount of paper trail in all our business operations and strive for eco-friendly operations. It ...

EDGR.zw | Notice of 69th Annual General Meeting

26 April 2018 Notice is hereby given that the 69th Annual General Meeting of members will be held at Edgars Training Auditorium, 1st Floor LAPF House, 8th Avenue/Jason Moyo Street, Bulawayo, 7th June 2018 at 09.00 hours. Following is the Agenda for the meeting:- Ordinary Business 1. To approve minutes ...

EDGR.zw | FY2017 financial results

28 March 2018 Edgars Stores Limited releases its 2017 abridged financial results and presentation for the period ended 7 January 2018. Below are excerpts from the results and Chairman s Statement. Chairman s Statement Improvements in merchandise assortments, customer service, promotions, revamps and the new political dispensation together with utilisation ...

EDGR.zw | Dividend declaration notice

28 March 2018 The Board has declared a final dividend of US 0.33 cents per share payable in respect of all ordinary shares of the Company. This dividend is in respect of the financial year ended 7 January 2018 and will be payable in full to all the ...

EDGR.zw HY2017 financial results

19 September 2017 CHAIRMAN'S STATEMENT Good merchandise assortments and a resurgent consumer spend assisted the Group to end the first half on a positive note. Revenue of $24.7 million (2016: $23.1 million) increased by 7% from the same period last year. Group gross profit margin of 43% reduced by ...

EDGR.zw | Group MD's Trading update - including April 2017

7 June 2017 The operating environment remains tough with foreign currency shortages, cash shortages and depressed consumer demand. The business is performing within forecast. New stores No new stores have been opened YTD. We are currently revamping Stanley House, First Street Harare. This will be completed in August. Following that we will be ...

EDGR.zw | Notice of 68th Annual General Meeting

15 May 2017 Notice is hereby given that the 68th Annual General Meeting of members will be held at Edgars Training Auditorium, 1st Floor LAPF House, 8thAvenue /Jason Moyo Street, Bulawayo, 7thJune 2017 at 09.00 hours. Following is the Agenda for the meeting: Ordinary Business To approve minutes of the ...

EDGR.zw | FY2016 financial results

22 March 2017 Edgars Stores Limited releases its 2016 abridged financial results for the period ended 8 January 2017. Below are excerpts from the results and Chairman s Statement. Chairman s Statement Depressed consumer demand for clothing together with stock movement challenges we faced in the transition period from the ...

EDGR.zw | Notice to Shareholders (EGM)

3 March 2017 NOTICE IS HEREBY GIVEN OF AN EXTRAORDINARY GENERAL MEETING OF MEMBERS OF EDGARS STORES LIMITED TO BE HELD AT THE EDGARS TRAINING AUDITORIUM, 1ST FLOOR LAPF HOUSE, 8TH AVENUE / JASON MOYO STREET, BULAWAYO, 17 MARCH 2017 AT 0900HOURS AGENDA SPECIAL BUSINESS To consider and if deemed fit, ...

EDGR.zw | HY2016 financial results

30 September 2016 Edgars Stores Limited releases its 2016 interim financial results for the period ended 9 July 2016. Below are excerpts from the results and Chairman s statement. Consumer demand continued to weaken throughout the period due to the combined effects of drought, liquidity constraints, business failures and ...

EDGR.zw | 2015 annual report

10 May 2016 The Group performed relatively well given the sharp decline in the operating environment and economy as a whole. However, the Group was not entirely spared, and saw a marked reduction in consumer appetite and confidence reflecting in turnover, which trend became more pronounced in the ...

EDGR.zw | Notice of 67th Annual General Meeting

10 May 2016 Notice is hereby given that the 67th Annual General Meeting of members will be held at Edgars Training Auditorium, 1st Floor LAPF House, 8th Avenue / Jason Moyo Street, Bulawayo, 2 June 2016 at 09.00 hours. Following is the Agenda for the meeting:- Ordinary Business To approve ...

EDGR.zw | FY2015 financial results and presentation

16 March 2016 Edgars Stores Limited releases its 2015 abridged financial results and presentation for the period ended 9 January 2016. Below are excerpts from the results and Chairman s statement. Edgars Stores Limited Group CEO, Linda Masterson (left) and Group Operations Director, Vusimusi Mpofu (right) at a recently ...

Motion Mutumwa, Grade 6

1 January 2016 In October this year, Danmore Chuma, a community volunteer and Edgars Club member, approached Edgars Club on behalf of a child in Chiweshe with a medical appeal. Motion Mutumwa, a grade 6 pupil at Bare Primary School, needed to undergo surgery for a hard tumour ...

Be a Hero The Edgars Family gets involved

1 December 2015 In August this year, Edgars ran a unique promotion across our 28 branches were we requested customers to be part of our CSR program. The uniqueness of the promotion was that customers were being requested to donate an old pair of their denim, buy a ...

Moremi Initiative Women Leaders Development Programme

1 October 2015 Edgars Stores continues to strive to enrich the lives of our community members through the various CSR initiatives that we undertake. In 2014, Edgars sponsored the participation of one such member, Sinqobile Ndlovu, in the Moremi Initiative Women Leadership Development programme. Sinqobile had been identified ...

EDGR.zw | HY2015 financial results

15 September 2015 Edgars Stores Limited releases its 2015 interim financial results for the period ended 11 July 2015. Below are excerpts from the results and Chairman s commentary. Group CEO of Edgars Stores Limited, Linda Masterson Chairman s statement Fast declining economic fundamentals, combined with low disposable incomes and heightening ...

Edgars CCS Team Visits Queen Elizabeth Children's Home

1 June 2015 With so much happening in our lives, we tend to forget about the things that matter in this world. Our minds are always preoccupied by things that only captivate or entice us for the next minute, buying into the norm of kicking back letting things ...

Green Concert 2015

1 June 2015 The Edgars Stores Corporate Social Responsibility calendar has a range of projects that we organise as well as participate in throughout the year, including annual events that we are proud to support. It s almost time once again for the Green Concert , a ...

EDGR.zw | Group Managing Directors' Trading update

28 May 2015 Trading update given at the 66th AGM held on 28 May 2015. Trading environment remains tough. We are performing well under the circumstances. New stores No new stores have been opened during 2015, which we believe is a year of consolidation of our operations. Turnover (consolidated) Unit sales 12.6% increase over 2014 ...

EDGR.zw | Notice of the 66th Annual General Meeting

27 May 2015 Notice is hereby given that the 66th Annual General Meeting of members will be held at Edgars Training Auditorium, 1st Floor LAPF House, 8th Avenue/ Jason Moyo Street, Bulawayo, 28 May 2015 at 09.30 hours. Following is the Agenda for the meeting:- Ordinary Business To approve minutes ...