Page 5 - Edgars Stores News Today

LISTED firms say tight monetary policies introduced at the beginning of the third quarter of 2022 significantly dampened consumption and investment levels in the period under review. This week saw a flurry of trading updates from listed firms, with the majority reporting a massive decline in sales volume as aggregate demand suffered from a hawkish…

A few months ago, Edgars Stores Limited, decided to display prices of merchandise in US dollars only. Since the re-introduction of the local currency, businesses displayed prices in Zimbabwe dollars only in contravention of the law that says prices should be displayed in both the US dollars and Zimbabwe dollars. Statutory Instrument 185 of 2020…

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The group said the operating environment remained relatively stable compared to the prior period.

DEPUTY chief executive officer at Zimbabwe Stock Exchange-listed telecommunications giant, Econet, Roy Chimanikire was on Friday named Director of the Year for 2021. The director of the year awards (DOYA) are held annually by the Institute of Directors Zimbabwe (IoDZ) to recognise independent corporate directors of public, private and non-profit boards. The awards recognise their…

Entrepreneur turns her darkest despair into a successful organic solutions company By Given Majola Share DURBAN - OVER a decade ago, Relebohile Moeng was retrenched. At that time, her two sons, now aged 15 and 13, were still toddlers. It was a dark time in her life. Moeng, now 40, who grew up in Benoni, Crystal Park in the East Rand of Gauteng, had also been involved in an accident that left her with more than 150 stitches in her face. It was while she was looking for a more affordable solutio...

Concerns, however, remain on logistics management for deliveries and the high cost of data for clientele. Edgars Stores are currently shut down as they, together with other non-food retailers, are listed as non-essential services as the country goes through its second level four lockdown. During the first level four lockdown last year, the group reported a loss in sales for both Edgars and Jet after stores were closed from March 30, 2020 to May 5, 2020. During that period collections from debto...