Analysts agree that the country has enough malls and that, post-Covid, the convenience of local centres lure customers
This content is restricted to subscribers only.
Join the M&G Community
Our commitment at the Mail & Guardian is to ensure every reader enjoys the finest experience. Join the M&G community and support us in delivering in-depth news to you consistently.
Subscribe
Subscription enables:
- – M&G community membership
- – independent journalism
- – access to all premium articles & features
- – a digital version of the weekly newspaper
- – invites to subscriber-only events
- – the opportunity to test new online features first
Already a subscriber?
Login here.
Independent retail analyst Syd Vianello says going under business rescue does not mean Edcon will be saved, “it simply gives business rescue practitioners a chance to work out how they can save the company”
The former PIC boss alludes to political interference in some of the state asset manager’s investments
Edcon chief executive Grant Pattison and his team achieved what many critics doubted they could — secure an almost R3-billion lifeline
The UIF, with surpluses in the region of R156-billion, has helped rescue the embattled retailer, which owns Jet, Edgars and CNA
But the retailer’s recapitalisation plan rests on securing a new investor, and its landlords and lenders being on board.
Should the giant be left to sink or should it be helped to stay afloat in South Africa’s retail storm
Collaboration throughout the fashion chain means that fashionistas will no longer have to wait for the trends abroad to arrive on local shores.
Edgars unveiled its first Windows Phone 8.1 device, the Verssed W1 smartphone, and will be available in select retail outlets from December 15.
By
The clothing retailer looks to bolster sales by enabling pressurized consumers to buy more on credit.
By
Following a cut in the benchmark rate, resulting record low yeilds have fuelled a demand for dicier securities.
Clothing retailer Edcon has posted a first-quarter loss in excess of R700mn as a result of operational disruptions and falling sales.
By
The clothing retailer posted a wider annual loss as changes in stores disrupted sales, but it expects trading results to improve from September.
By
No image available
/ 21 November 2007
Edgars Consolidated Stores has been appointed the official operator for the 2010 Fifa World Cup stores in South Africa, the soccer body announced on Wednesday. The official event stores will be in 160 branches of Edgars throughout the country, with the first shop scheduled to open later in November to coincide with the preliminary draw in Durban on November 25.