News

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 ...

9 May 2012 Notice is hereby given that the 63rd Annual General Meeting of members will be held at the Royal Harare Golf Club, 5th Street Extension, Harare on Wednesday, 6 June 2012 at 08.30 hours:- Ordinary Business To approve minutes of the Annual General Meeting ...

9 May 2012 The Board of Directors is pleased to release the annual report for the year ended 7 January 2012. Below are excerpts from the Chairman s Report. Chairman s Report The steady growth in accounts, improved merchandise assortments and improved cost management together with the successful rebranding of ...

12 March 2012 Steady growth in accounts, improved merchandise and successful rebranding of Express to Jet Stores ensured Edgars Stores attained total revenues of $52,9 million for the full-year ended January 7 2012. Retail sales were up 44% to $51 million. Credit sales contributed 76% to turnover with Edgars ...

8 March 2012 The Directors of Edgars Stores Limited are pleased to announce the release of the Group s 2011 full year results and presentation for the 52 weeks ended 7 January 2012. Below are financial highlights and a brief extract from the Commentary section of the results. Financial ...

18 November 2011 Clothing retail chain Edgars Stores Limited has rebranded Express and Express Mart to Jet Stores, one of South Africa s leading clothing line. Edgars Stores Limited group managing director Linda Masterson said the rebranding of Express and Express Mart was a Zimbabwe franchise initiative aimed ...

17 November 2011 We are changing Express and Express Mart stores to Jet. This will allow us to better service our customers changing needs. This process will take place over the next few months as we introduce the new Jet brands and concepts to our customers and ...

17 November 2011 Express and Express Mart stores are changing to Jet Stores starting from the 17 November 2011. We will be phasing out the now expired Express Mart Cash Card, but will soon launch an exciting new Jet Card. You, along with all Express Mart Cash Card holders, ...

18 October 2011 Clothing retail chain, Edgars has opened two branches in Harare as it seeks to strengthen its presence on the market, an official said last week. Group managing director Mrs Linda Masterson said the company would open another branch next month in Marondera. So far two Edgars ...

7 September 2011 The Directors of Edgars Stores Limited are pleased to announce the release of the Group s 2011 interim results presentation for the 26 weeks ended 9 July 2011. The presentaion is available for download and can also be viewed online. The 2011 interim results which ...

6 September 2011 The Directors of Edgars Stores Limited are pleased to announce the release of the Group s 2011 interim results for the 26 weeks ended 9 July 2011. Below are financial highlights and a brief extract from the Commentary section of the results. Financial results ...

11 August 2011 Leading clothing retailer Edgars Stores Ltd recorded 111,4% growth in turnover for the first-half of the year driven by increased credit sales and improved production from its manufacturing unit. The group said a wider merchandise assortment had resulted in increased profitability. Revenue rose to $20,548 million in ...

27 June 2011 Edgars Stores Limited has secured a US$5 million loan facility from a local bank to retire its expensive debts and to finance working capital. Group finance director Mr Vusa Mpofu confirmed last week the funds were drawn down at the end of last month. The funding ...

16 June 2011 Last year we enjoyed a modest rise in disposable incomes which led to strong monthly growths. The recovery in the economy has slowed markedly in 2011 and, since January we have detected stagnation in disposable incomes. However, because we are coming off a low base, ...

24 May 2011 Notice is hereby given that the 62nd Annual General Meeting of members will be held in the Edgars Training Auditorium, 1st Floor LAPF House, 8th Avenue/Jason Moyo Street, Bulawayo on Thursday, 16 June 2011 at 09.00 hours. Following is the Agenda for the meeting:- Ordinary Business ...

3 May 2011 The Board of Directors is pleased to release the annual report for the year ended 8 January 2011. The following are the highlights from the Chairman s Statement Chairman s statement A successful marketing program and enhanced product offering underpinned the consistently positive growth that continued from ...

11 April 2011 Edgars CEO Linda Masterson says her catchphrase is quality, standard, credit EDGARS Group CEO Linda Masterson (LM) expects the Edgars Group to roll out more shops in and out of Harare before year end. This week Masterson spoke with Business Digest reporter Tendai Zhanje ...

28 March 2011 EDGARS Stores Limited managing director, Mrs Linda Masterson says the company is expected to roll out an additional 11 stores following improved performances by the group in 2010. According to its financial performances for the year ending January 2011, the group posted US$1,5 million in profits ...

25 March 2011 Whether you are an investor, customer or supplier, Edgars Stores Limited appreciates your feedback. So please accept our invitation to connect with you online through our new website. Register in our email alerts section to receive a variety of news and information about Edgars in ...

25 March 2011 The Directors of Edgars Stores Limited are pleased to announce the release of the Group s 2010 results presentation for the 52 weeks ended 8 January 2011. The presentaion is available for download and can also be viewed online. The 2010 abridged results which pertain ...

25 March 2011 The Directors of Edgars Stores Limited are pleased to announce the release of the Group s 2010 full year results for the 52 weeks ended 8 January 2011. Below are financial highlights and a brief extract from the Commentary section of the results. Financial highlights ...

24 September 2010 Edgars MD Linda Masterson said the company is expecting a turnover of US$39 million for the financial year ending December 31 2010 buoyed by reduced interest bills and more account holders. According to the group s financial statement, during the interim period ending June 30, a ...

24 September 2010 The Directors of Edgars Stores (Zimbabwe) Limited are pleased to announce the release of their 2010 interim financial results for the 25 weeks ended 3 July 2010. Below is an extracts from the results: Commentary - Customer Focus The Edgars brand is a household name and, over the ...

20 September 2010 Edgars Stores (Zimbabwe) has reported a significant leap in sales, spurred largely by growth of its credit scheme which made a comeback after dollarisation of the crisis-torn economy last year. Restoring the brands standing Chairman Themba Sibanda said the group had worked relentlessly to restore ...

19 September 2010 Edgars Stores Limited, Zimbabwe s leading apparel dealer, says it is now competitively positioned to recapture lost business after it secured more favourable lines of credit to fund its operations, making it possible to sustain credit initiatives. The company, which manufactures, distributes and sells clothing, footwear, ...

24 March 2010 The Board of Directors is pleased to release the annual report for the year ended 31 December 2009. The following are the highlights from the Chairman s Statement General Remarks The period under review began in the fourth quarter of 2008 when hyperinflation was at its height. ...

15 March 2010 Notice is hereby given that the 61st Annual General Meeting of members will be held at the Edgars Auditorium, 1st Floor LAPF House, 8th Avenue/Jason Moyo Street, Bulawayo on 10 June 2010 at 09.00 hours for the following purposes: - Ordinary Business 1. ...