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Home » Edgars hit by rising rentals
Companies & Markets

Edgars hit by rising rentals

written by Mishma Chakanyuka, Staff Writer 0 comments
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.
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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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