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The group’s expansion strategy aims to significantly increase its retail presence to compete in this space, driven by the rise of second-hand clothing traders.
In the latest annual report for the year ended January 7, 2024, Edgars chairperson Thembinkosi Sibanda said the group would also re-launch its Express shops.
Edgars reported that it has embarked on a retooling exercise to increase its capacity and has also started employing the best candidates in that space, even from competitors.
During the dollarisation era, the Edgars stock was going for US$0,158 as at February 8, 2019, while overall market capitalisation stood at US$7,9 billion.