Home / Knowledge / News / Apparel/Garments / Zimbabwe clothing retailer Edgars to renovate stores
Zimbabwe clothing retailer Edgars to renovate stores
14
Mar '12
In its efforts to boost sales at its outlets, Edgars Stores Limited, a leading Zimbabwean clothing retailer, has set aside a sum of US$ 5.3 million for undertaking a facelift at its outlets across the country.

The expenditure is to be made from the company's existing cash reserves and loan capital, Edgars Chairman, Mr. Thembinkosi Sibanda, said.

The sum of US$ 5.3 million earmarked for financing capital projects this year is significantly higher than the sum of US$ 2.3 million sanctioned by the company last year.

Announcing the company's financial results for the full year till January 7, 2012, Mr. Sibanda said backed by broader profit margins and sale of brands with higher value, the company's profits grew by 120 percent to US$ 3.3 million.

Edgars said it is also focusing on exports, though there are some difficulties.

Edgars added that its production facility suffered a loss last year, and hence, the focus would be on securing funds to boost productivity.

Edgars Stores Limited offers middle and high-end customers good quality clothing items at competitive prices at its 33 countrywide stores in Zimbabwe.

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 26th Jul 2017

Textile Corp of America to create 1000 jobs in Tennessee

Textile Corporation of America Inc, a leading textile manufacturer,...

Courtesy: IVL

Textiles | On 26th Jul 2017

IVL completes PTA capacity expansion in Europe

Indorama Ventures Public Company Ltd (IVL), a global chemical...

Textiles | On 26th Jul 2017

Vietnam’s textile & garment exports cross $13bn in H1

Vietnam earned $13.... billion from textile and garment exports in...

Interviews View All

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X