Edgars Stores

Edgars store owner running out of steam

Edcon, which had already been under a financial strain, revealed that the coronavirus has had a negative impact on the company and it would lose close to a billion rand during the 21-day lockdown period.

The Foschini Group to skip Rental Payments amid SA lockdown

As South Africa goes into a 21-day nation-wide lockdown, The Foschini Group [JSE: TFG] – whose brands include Foschini Stores, @home, Markham, Totalsports and Sterns – said it’s stopping rental payments because of the impact of the coronavirus outbreak.

End of the road for Massmart’s Dion Wired stores

Although yet to recover from Edcon’s woes, Retail landlords are set to face even more intense pressure as Walmart-owned Massmart announced the closure of 23 DionWired stores as from today.

Foschini Group builds on bumper 2019

Retailer The Foschini Group [JSE:TFG], whose brands include Foschini, American Swiss, and Markham occupying space in major centres, went against the prevailing retail trend by producing positive trading updates in a difficult economy.

Truworths sales up 1.2% despite tough retail market

Retail tenant Truworths said on Wednesday sales for the 26 weeks to December grew by a mere 1.2% to R10.6 billion as it faced tough conditions in both Africa and UK markets.

Empty Retail space takes a toll as Massmart plans to close 34 DionWired and Masscash

Retailer Massmart, which is 51% owned by US giant Walmart, has announced plans of closing 23 Dion-Wired stores and 11 Masscash wholesale outlets, a move that lead to the loss of up to 1,440 jobs.

Edgars Store vacates from upmarket Rosebank Mall

Struggling clothing retailer Edcon Holdings, which owns Edgars Stores has decided to shut its doors at the trendy Rosebank Mall — owned by JSE-listed Hyprop Investments.

Sorry Edcon, we will not reduce Rent, says Growthpoint Properties

After securing R2.7 billion, Edcon's request for rental reduction was met with a major obstacle at SA's largest landlord, Growthpoint Properties.

Landlords chip in as Edcon Holdings secures R2.7 billion

Edcon Holdings which owns Edgars Stores, Jet and CNA, has secured R2.7 billion rand from lenders, landlords and the Public Investment Corp. as South Africa’s largest clothing retailer wraps up its latest restructuring plan.

Shopping Mall Owners worried about Edcon can breathe a sigh of relief

The headlines about retail giant Edcon Holdings on the brink of collapse, have been jarring for South Africa’s big Shopping Mall Owners and the whole nation.

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