Edgars Stores Archives – Nehanda Radio

From Zim dollars to US$: Edgars Stores delists from ZSE, set for VFEX debut

HARARE – The Zimbabwe Stock Exchange (ZSE) has announced the delisting of embattled leading clothing manufacturer and retailer Edgars Stores Limited effective today, March 27th, 2024. This move follows Edgars shareholder approval for delisting and subsequent listing on the Victoria Falls Stock Exchange (VFEX) at an Extraordinary General Meeting held last Friday. This development marks a significant shift for Edgars, transitioning from the Zimbabwean dollar-denominated ZSE to the US dollar-denominated VFEX.

Mar 27, 2024 Read more

‘Retail companies like Edgars need disruptive, guerilla tactics to survive’

Edgars Stores Limited Zimbabwe Group CEO Tjeludo Ndlovu surrendered the keys after failing to manage the rapid decline of profits at the company due to currency distortions, rising inflation and competition from the informal market experts have said.

Nov 02, 2023 Read more

Edgars fined for disobeying RBZ order

Edgars Stores has been fined $100 000 and Kingdom Paints $4 800 for failing to comply with Reserve Bank of Zimbabwe disclosure orders seeking daily returns of cash sales and bank deposits over seven weeks.

Oct 16, 2020 Read more

Edgars seeks to raise ZWL$2,7 million

Clothing manufacturer and retailer, Edgars Stores Limited is seeking to raise ZWL$2,7 million through rights offer to support the group’s expansion programmes, enhance working capital and balance sheet.

Jun 01, 2020 Read more

Edgars finalises $1,5m deal

Edgars Stores (Edgars) says it has finalised its acquisition of intellectual property (IP) rights to Jet and Edgars trademarks and brands for the territory of Zimbabwe.

Mar 26, 2019 Read more

New-look Edgars . . .Clothing giant given major facelift

Today Clothing retail giant Edgars Stores opens one of its branches in Bulawayo that has been given a a major facelift with a view of enhancing shopping experience.

Oct 19, 2018 Read more

Second hand clothing imports hurting Edgars: MD

Clothing retail chain Edgars Stores says the rapid increase in unregulated commerce in the country is hurting its operations as it is made to compete with businesses that do not pay tax.

Jun 21, 2017 Read more

Edgars goes digital

By Dumisani Nsingo Listed leading clothing and merchandise retailer, Edgars Stores Limited’s shareholders have unanimously agreed to receive information pertaining to business operations through electronic communications, a situation which will see the company saving about $10 000 per year. Edgars Stores Limited passed a resolution to receive information about the company’s operations through electronic communication at […]

Mar 20, 2017 Read more

BCC disconnects defaulters

By Oliver Kazunga The Bulawayo City Council has embarked on a massive water disconnection exercise to force defaulting residents to settle their bills. In a statement, the Town Clerk, Mr Christopher Dube, said the municipality was disconnecting water supplies with immediate effect. He said the exercise was meant to encourage residents to make payment plans. […]

Oct 17, 2016 Read more

Clothing industry in trouble

By Lenin Ndebele Imagine the sight of Truworths Zimbabwe chief executive officer, Mr Bekithemba Ndebele, banging his head on a door, squeezing a stress ball or even shouting at his secretary for giving him tea with no sugar when it is what he ordered, that would make news for gossip. Let alone if he throws […]

Oct 16, 2016 Read more