Corporate Announcements

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 […]

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 2012 full year results Highlights (2012) vs  (2011)                Retail sales  $60.1m(2012)  […]

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

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 Special Resolution “The Directors be and are hereby authorized to do all that is necessary to […]

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, pass with or without amendment the following […]

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 delayed or non-payment of salaries. Revenue declined 23% on last […]

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 A member entitled to attend and vote at the meeting may […]

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 fourth quarter following retrenchments. Delayed payment of workers resulted in […]

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 held analysts’ briefing CHAIRMAN’S STATEMENT The Group performed relatively well given […]

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 job insecurity have undermined consumer confidence and demand. The […]

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 Retail Sales $ Margins Factory – Profitable with YTD […]