Corporate Announcements

Notice is hereby given that the 74th Annual General Meeting of members will be held at the Edgars Training Auditorium, 1st Floor LAPF House, 8th Avenue/Jason Moyo Street, Bulawayo on Thursday 15 June 2023 at 08:30 hours. Following is the Agenda for the meeting:- Ordinary Business 1. To approve minutes of the 73rd Annual General Meeting held […]

Chairman’s report Directors responsibility for the Integrated Annual Report The Directors of Edgars Stores Limited are responsible for the preparation and fair presentation of the Group’s consolidated financial statements. The audited financial statements have been prepared in accordance with International Financial Reporting Standards (IFRS), in the manner required by the Companies and Other Business Entities […]

The Board wishes to advise its stakeholders that following unanticipated delays in the finalization of the review process by our External Auditors, Edgars Stores Limited has sought and obtained approval from the Zimbabwe Stock Exchange (ZSE) to defer publication of the full year financial statements to on or before 08 May 2023. Before the extension […]

The Company presents its business update for the third quarter (Quarter 3) of the 2021 financial year. This update on financial performance is measured in inflation adjusted terms. Trading environment The impact of level IV lockdown introduced after the heightened third wave infections in June, curtailed foot traffic into stores during this trading quarter. This […]

Chairman’s Statement The statement is prepared on the basis of inflation adjusted numbers. CAUTIONARY- RELIANCE ON THE INFLATION ADJUSTED REVIEWED FINANCIAL STATEMENTS The Directors have exercised due care in applying judgements in the preparation of these financial statements. However there are material and pervasive impacts from the change in functional currency in Zimbabwe on February […]

Ms Vundla is a Chartered Accountant (Zimbabwe) with over 14 years’ experience in public practice. Happiness joined the Edgars Group on 3 December 2020 as a Non-Executive Director. She has overseen internal and external reporting in her role as a member of the Audit Committee and contributed as part the leadership team that have steered […]

The Group’s Historical ZWL YTD turnover to May 2021 increased by 450% compared to last year. Profit after tax as a percentage of turnover is down from 18.2% compared to May 2020 as affected by 7 weeks trading lost in January and February due to lockdowns. Despite the broad economic outlook being uncertain, we expect […]

Notice is hereby given that the 72nd Annual General Meeting of members will be held virtually at https://escrowagm.com/eagmZim/Login.aspx on Wednesday 30 June 2021 at 08:45 hours. Following is the Agenda for the meeting:- Ordinary Business Voting Proxies Each member is entitled to appoint one or more proxies (whether a member/s of the Group or not) to attend, […]

Directors responsibility for the Integrated Annual Report The directors of the company are responsible for the maintenance of adequate accounting records and the preparation and integrity of the annual financial statements and sustainability report in accordance with the Zimbabwe Stock Exchange (ZSE) requirements, International Financial Reporting Standards (IFRS) and the Companies and Other Business Entities […]

The company presents its business update for the first quarter of the financial year 2021. Trading Environment Trading for this quarter was significantly affected by the Covid-19 lockdown as physical stores were closed for more than 7 weeks of the 13 weeks in the quarter. Online stores were open but recorded very little business due […]

The Board wishes to advise its stakeholders that following unanticipated delays in the finalization of the audit, Edgars Stores Limited “Edgars” has sought and obtained approval from the Zimbabwe Stock Exchange (ZSE) to defer publication of the financial statements for the year ended 10 January 2021 to on or before 31 May 2021. The delay […]

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 was somewhat erratic due to the inability of […]

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 be sourced locally such as cosmetics, shoes and […]

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 be sourced locally such as cosmetics, shoes and […]

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 operations In the Edgars chain new stores were opened in Victoria Falls and downtown Harare, bringing the […]

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 Special Resolution     “That the company hereby approves, as a general […]