News

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 in ...

1 May 2018 With the rapid change in global climatic conditions, The Edgars 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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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, ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 show put together ...

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 ...

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 ...

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 ...

1 April 2015 Chitemene Secondary School Our CSR activities have continued from last year and we are going strong with assisting as much as we can. One of the groups we assisted was the Mhondoro-Marirangwe-Manyame Trust (MMMT Trust). MMMT approached Edgars appealing for assistance for orphaned school children at ...

20 March 2015 Edgars Stores Limited releases its 2014 abridged financial results and presentation for the period ended 10 January 2015. Below are excerpts from the results and Chairman s commentary. Group CEO of Edgars Stores Limited, Linda Masterson CHAIRMAN’S STATEMENT The Group achieved satisfactory results which were largely due to ...

26 February 2015 Late last year, the Edgars Club was touched to learn about the plight of one of our customers, Jeremiah Chikweshera of Gweru, whose wife has been in consistent pain after the couple was involved in a bus accident in 2001. When the accident occurred, she ...

16 December 2014 Edgars Stores values the opportunity to touch the lives of vulnerable Zimbabweans within our communities. 16 Days of Activism Against Gender-Based Violence is an annual global movement from 25 November to 10 December, and is a time to galvanise action to end violence against women ...

1 December 2014 In July 2014, Edgars was able to assist one of its loyal customers after a tragic incident. On 2nd July 2014, Linda Heather Sibindi's house was ravaged by fire, and all her property within the house was destroyed in the blaze. Linda Heather Sibindi Understandably, Linda was ...

17 September 2014 Edgars Stores Limited releases its 2014 interim financial results and presentation for the period ended 5 July 2014. Below are excerpts from the results and Chairman s commentary. Group CEO of Edgars Stores Limited, Linda Masterson Financial highlights Retail sales up 8% to $29.5m Profit before tax remained ...

11 August 2014 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. Recently, Edgars supported the Green Concert for the second year running. ...

1 August 2014 It has been a busy season on the CSR front for the Edgars Group as we continue our drive to give back to the communities around us. These past 2 months have seen us taking part in "The Green concert", a show put together by ...

3 June 2014 Revenue The year started fairly positively with successful results from Back to School Back to Work which gave a boost to January. From then, the quarter was downhill all the way. The uncertainty surrounding civil servants’ packages and the acute liquidity crunch in the ...

19 May 2014 The Board of Directors is pleased to release the annual report for the year ended 4 January 2014. Below are excerpts from the Chairman s report. Chairman s report The group s footprint was increased through the opening of 9 new outlets during the year to close ...

8 May 2014 Notice is hereby given that the 65th Annual General Meeting of members will be held at Edgars Training Auditorium, 1st Floor LAPF House, 8th Avenue / Jason Moyo Street, Bulawayo 29 May 2014 at 09:30 hours. Following is the Agenda for the meeting: Ordinary Business To approve ...

1 April 2014 The Edgars Group drives commitment to Corporate Social Responsibility, through environment and educational initiatives. Ranging from street cleaning to educational bursaries and ensuring the maintenance of the environment around the communities that we serve. Street cleaning in the City of Gweru with Hon Francis Nhema Of note ...

11 March 2014 The Directors of Edgars Stores Limited announce the release of the Group s abridged financial results and presentation, for the 52 weeks ended 4 January 2014. Below are some financial highlights. Group CEO of Edgars Stores Limited, Linda Masterson at the recently held FY2013 analyst briefing. Financial ...

28 January 2014 It has been an amazing season, where we witnessed the donation handover to the first Rural schools selected by the Cash Challenge winners. The Headmasters couldn’t believe that their schools had won through selection from Club members who had won the Cash Challenge. Bopoma Orphanage Donantion We ...

17 September 2013 Edgars Stores Limited releases its 2013 interim financial results and presentation for the period ended 6 July 2013. Below are excerpts from the Chairman s commentary. Picture: Edgars Group Managing Director, Linda Masterson Introduction The conclusion of the medium term guaranteed loan in December 2012, coupled with improvement ...

31 May 2013 Details: Shares before: 288 767 204 Shares added: 103 334 New shares in issue: 288 870 538 Effective date: 31 May 2013 Reason: Share Option Scheme ay 31, 2013

15 May 2013 Details: - Shares before: 288 517 204 - Shares added: 250 000 - New shares in issue: 288 767 204 - Effective date: 15 May 2013 - Reason: Share Option Scheme

10 May 2013 The Board of Directors of Edgars Stores Limited is pleased to release the annual report for the year ended 31 December 2012. Below are excerpts from the Chairman s Report. Chairman s Report Aggressive account drives, marketing, finalization of re-branding Express Mart Stores to Jet as well ...

10 May 2013 Notice is hereby given that the 64th Annual General Meeting of members will be held at Edgars Training Auditorium, 1st Floor LAPF House, 8th Avenue/ Jason Moyo Street, Bulawayo , 29 May 2013 at 09.30 hours. Following is the Agenda for the meeting:- Ordinary Business ...

24 April 2013 Details: - Shares before: 287 972 037 - Shares added: 545 167 - New shares in issue: 288 517 204 - Effective date: 24 April 2013 - Reason: Employee Share Option Scheme

15 April 2013 - Shares before: 287 645 370 - Shares added: 326 667 - New shares in issue: 287 972 037 - Effective date: 12 April 2013 - Reason: Share Option Scheme (SOS)

13 March 2013 The Directors of Edgars Stores Limited are pleased to announce the release of the Group s 2012 full year results and analyst presentation for the 52 weeks ended 5 January 2013. Below are extracts from the presentation: Picture: Edgars Group Managing Director, Linda Masterson, presenting the ...

13 March 2013 The Directors of Edgars Stores Limited announce the release of the Group s 2012 abridged results, for the 52 weeks ended 5 January 2013. Below are a few financial highlights. Financial highlights Retail sales up 17.8% to $60.1m Trade and ...

18 December 2012 Edgars Stores Limited has reopened a branch in the city that was closed at the height of economic challenges which resulted in low retail sales.In a statement, Edgars said it was reopening the Herbert Chitepo Street/Leopold Takawira Avenue branch. We are proud that we have ...

4 October 2012 EDGARS’ Face of the Charter Club former Miss Zimbabwe Malaika Mushandu, joined other models in the Edgars fashion show extravaganza held in Harare at the weekend.The event showcased beautiful summer outfits from various designers. The Zimbabwe Stock Exchange-listed clothing giant is running a Shop and Win ...

11 September 2012 The Directors of Edgars Stores Limited announce the release of the Group s 2012 interim results and presentation, for the 26 weeks ended 7 July 2012. Below are a few financial highlights. Financial highlights Retail sales increased to $24m Profit ...

17 August 2012 Edgars Stores Zimbabwe Limited (EDGR.zw) (ZW000 901 123 1) had an increase in shares in issue to 283 381 993 via a Share option scheme.

14 June 2012 ZIMBABWE Stock-Exchange-listed clothing retailer, Edgars Stores Limited, is operating within the set budget, managing director, Linda Masterson, said in a trading update at the company s annual general meeting (AGM) last week. She, however, declined to give figures, saying the company was currently in a closed ...