Inflation suppresses Edgars’ volumes

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APPAREL retailer Edgars Stores (Edgars) says its sales volumes during the 52 weeks ended January 6, 2019 suffered due to price increases driven by rising inflation. Monetary and fiscal reforms implemented last year, which included the ring-fencing of Nostro FCAs and RTGS$ accounts as well as the introduction of a two percent tax on electronic…