Corporate Announcements

OPERATING ENVIRONMENT The period under review was characterised by economic uncertainty because of steep depreciation in the local currency and lack of clarity in the manner and format of the anticipated currency reforms. In addition, the drought headwind became evident in the first quarter due to the dry spell conditions experienced because of the El […]

GROUP 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 incorporate full disclosure in line with International Financial Reporting Standards (IFRS) Accounting Standards as issued by the International Accounting Standards Board […]

Notice is hereby given that the 75th Annual General Meeting of members of Edgars Stores Limited will be held at The Country Club, 1 Brompton Road, Newlands, Harare on Tuesday, 2nd July 2024 at 08:30 hours.

Express Stores opened its Rusape branch on 9 April, extending affordable fashion to the local community. The new store offers a wide range of everyday fashion essentials at great value, designed to meet the needs of customers in Rusape and surrounding areas. This opening forms part of Express Stores’ ongoing expansion across Zimbabwe, making fashion […]

Announcement of the results of voting at the Extraordinary General Meeting of shareholders of Edgars Stores Limited (“the Company”) held at 10:00 hrs on Friday, 22 March 2024 relating to and seeking approvals for the delisting of the Company from the Zimbabwe Stock Exchange, immediately followed by its listing on the Victoria Falls Stock Exchange […]

Edgars Stores Limited marked a major milestone with the launch of Metro Fashion Mutare, the very first branch of this retail format to open its doors. Established in 2024 at the Metro Hypermarket in Mutare, this pioneer store introduced a new way for customers to access trend-led apparel. The branch successfully integrated the Express Stores […]

Edgars Stores Limited  announces the return of Express Stores, marking the reintroduction of the affordable fashion chain to the Zimbabwean retail market. The reopening of Express Stores represents a strategic move by Edgars Stores Limited to broaden its offering and respond to growing demand for accessible, value-driven fashion. The first reopened Express branch is located […]

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 preliminary unaudited financial information incorporate full disclosure in line with IFRS Accounting Standards and best practice. Edgars migrated its listing from the Zimbabwe Stock Exchange […]

Dear Shareholder, As we navigate the dynamic landscape of the business environment, I would like to bring to your attention some pivotal developments that warrant careful consideration for the future of Edgars Stores Limited. Historically, the Edgars business has heavily relied on ZWL transactions; however, recent times have witnessed a notable surge in foreign currency […]

The Edgars Stores Limited Board of Directors wishes to advise its valued shareholders and other stakeholders that it has changed the Company Secretary: Chipo Mafunga of ChimukaMafunga Commercial Attorneys have been appointed as Company Secretary effective 01 January 2024. The Board sincerely thanks Sikhumbuze Mate for his dedication during the last two years. BY ORDER […]

The Directors of Edgars Stores Limited (the “Company”) wish to advise all shareholders and the investing public that the Board, subject to shareholder approval and the granting of all necessary regulatory authorisations, has approved the delisting of the Company from the Zimbabwe Stock Exchange, immediately followed by its listing on the Victoria Falls Stock Exchange […]

The Edgars Stores Limited Board of Directors wishes to announce the following change to its composition: Appointment: Chesternoel Mutevhe – Group Chief Finance Officer The Board would like to announce the appointment of Mr. Chesternoel Mutevhe as the Group Chief Finance Officer with effect from 1 January 2024. He brings with him a wealth of […]

The Company presents its business update for the nine months of the 2023 financial year. Trading environment The economic environment was relatively stable during the quarter after the interventions of the Central Bank and Government aimed at stabilising the ZWL exchange rate and inflation. The interventions among others included the announcement that multi-currency regime will […]

16 Chairman’s report Directors’ responsibility for the Interim Financial Information The Directors of Edgars Stores Limited are responsible for the preparation and fair presentation of the Group’s interim condensed consolidated financial statements. The reviewed interim condensed consolidated financial statements have been prepared in accordance with International Financial Reporting Standards (IFRS), in the manner required by […]

The Edgars Stores Limited Board of Directors wishes to announce the following changes to its composition: EXECUTIVE DIRECTORS Resignation: Tjeludo Ndlovu – Group Chief Executive OfficerMs Tjeludo Ndlovu, the Group Chief Executive Officer of the Group, resigned from the Board and will be leaving the Group on 31 October 2023. Tjeludo has been with the […]

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 half year financial statements to on or before 31 October 2023. The delay is […]