Edgars hit by rising rentals

The clothing retailer recorded a four percent increase in volumes sold to 0,88 million during the 26 weeks ended July 6, 2025 from 0,85 million recorded in the same period last year.

EDGARS Stores (Edgars) says rental costs across the group grew by 35 percent last year due to the rise in property values and the transition to US-dollar denominated charges.The apparel giant’s subsidiaries, such as Jet Edgars Chain, Jet Chain, and Club Plus Microfinance, have a nationwide shop network and primarily operate in rented premises.The development…

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