Corporate Announcements

The Group’s turnover has grown by 37% on last year and 10% on budget. This is pleasing in the constrained environment of foreign currency shortages and the negative impact this has on margins and merchandise assortments. Growth in turnover has slowed due to underplanning of winter assortments in the Jet chain and Edgars has been […]

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 of the Annual General Meeting held on 7 June 2017. […]

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 shareholders of the Company registered at the close of business […]

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 1% from the same period last year. The Group’s […]

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 converting the Edgars Rusape Branch to a Jet […]

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 improved consumer confidence which contributed to a stronger […]

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 Special Resolution That the company hereby approves, as a general approval contemplated in sections 78 and 79 of the Companies […]

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 highlights     Retail sales up 44% to $51m    No of […]

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 pertain to the analyst presentation are also available online for download. […]

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, Group turnover for the five months grew 85% to $15,2million. […]

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

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 the first half. Credit retail was highly competitive and various […]

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 CommentaryA successful marketing program and enhanced product offering underpinned the consistently […]

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 years, our customers have associated us with wide […]

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. Results for that period are immaterial in as far […]

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. To approve minutes of the Annual General Meeting held on 4 […]