Press Release

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 period. “During the first four month of the year, we […]

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 at giving consumers value for money and attracting additional customers. “Lots […]

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 roll out all stores counrtywide. We will Introduce focused merchandise assortments […]

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, will be the first to be offered the new […]

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 the six months to July from $10, 255 […]

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 obtained was mainly used to retire more expensive debt,” […]

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 (TZ) about the company’s trading and expansion exercise. Below are the […]

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 attributed to an increase in sales during the festive […]

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 Zimbabwe. Are you are an investor, or potential investor, in Edgars? If yes […]

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 US$10,26 million turnover was recorded from US$1 475 million achieved […]

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 standingChairman Themba Sibanda said the group had “worked relentlessly” to restore the Edgars brand’s standing on the market, with a turnaround having […]

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, textiles and accessories through a network of stores, saw a […]