Edgars HY2023 Financial Results

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Strategic Business Units

Our Group is organized into two strategic business units: retailing and manufacturing.

Retailing

We retail our products through the following established brands:

Edgars: providing quality fashion and convenient shopping at competitive prices to the whole family in the middle to upper-income groups. The brand offers fashion merchandise, with no compromise on quality, at competitive prices for the whole family. We offer competitive credit to our customers. Our pleasant, convenient stores offer our customers a superior shopping experience. More on Edgars.

Jet: this brand combines clothing as well as items sold by general dealers:- white goods, kitchenware, hardware and a variety of other goods. It provides quality, value and commercial fashion with compelling opening price points at very competitive prices to the whole family in the lower to middle income group. Our stores offer pleasant, economical shopping environments, laid out for self service; with assisted service available if needed. More on Jet Zimbabwe.

Manufacturing – Carousel

Carousel is the manufacturing division of Edgars Stores limited. We produce a wide range of denim, ladies, mens, kids, corporate and work wear. Our merchandise is mostly manufactured for our In-house retail chains, independent retailers and corporates. We also manufacture In-house brands which include:

  • Quote urbanwear (ladies and mens casual wear)
  • Poise (ladies formal wear)
  • Magnifique (mature ladies’ occasion wear)

We aspire to be the leaders in quality fashion both locally and internationally. More on Carousel.


Club Plus and Financial Services

Club Plus (Private) Limited is the Group’s micro finance business unit. Club Plus offers micro finance loans to the lower to middle income customer group at competitive interest rates.

The financial services arm manages the retail debtors’ book and insurance products including the Hospital Cash Plan. The Edgars Club Zimbabwe is a loyalty program designed to benefit Edgars stores customers.