Edgars Stores
Encyclopedia
Edcon Limited is a retail
company based in Johannesburg
, South Africa
. Its subsidiaries include Edgars, a department store
with 37 branches.
Edcon (Pty) Ltd is the leading clothing, footwear and textiles (CFT) retailing group in South Africa trading through a range of retail formats. The first Edgars store was opened on 6 September 1929 in Joubert Street, Johannesburg. Since then, the Company has grown to ten retail brands trading in over 1000 stores in South Africa, Botswana, Namibia, Swaziland and Lesotho.
Edcon's retail business has, through recent acquisitions, added top stationery and houseware brands as well as general merchandise to its CFT portfolio. Defined by the target markets served, all retail business is structured under two divisions: Department Stores Division, including Edgars, CNA, Boardmans, Prato, Red Square and Temptations, serving middle and upper income markets and Discount Division including Jet, Jet Mart, Jet Shoes, Legit and Blacksnow, serving middle to lower income markets. Edcon Financial Services provides credit facilities and financial services products to the Group's over 4 million cardholders.
The stock
of the company is listed on the Johannesburg Securities Exchange
and Zimbabwe Stock Exchange
, and is part of the Zimbabwe Industrial Index
.
http://www.businessday.co.za/articles/companies.aspx?ID=BD4A446936, South Africa's Competition Tribunal approved the sale of Edcon to Bain Capital
on April 26, 2007.
Retail
Retail consists of the sale of physical goods or merchandise from a fixed location, such as a department store, boutique or kiosk, or by mail, in small or individual lots for direct consumption by the purchaser. Retailing may include subordinated services, such as delivery. Purchasers may be...
company based in Johannesburg
Johannesburg
Johannesburg also known as Jozi, Jo'burg or Egoli, is the largest city in South Africa, by population. Johannesburg is the provincial capital of Gauteng, the wealthiest province in South Africa, having the largest economy of any metropolitan region in Sub-Saharan Africa...
, South Africa
South Africa
The Republic of South Africa is a country in southern Africa. Located at the southern tip of Africa, it is divided into nine provinces, with of coastline on the Atlantic and Indian oceans...
. Its subsidiaries include Edgars, a department store
Department store
A department store is a retail establishment which satisfies a wide range of the consumer's personal and residential durable goods product needs; and at the same time offering the consumer a choice of multiple merchandise lines, at variable price points, in all product categories...
with 37 branches.
Edcon (Pty) Ltd is the leading clothing, footwear and textiles (CFT) retailing group in South Africa trading through a range of retail formats. The first Edgars store was opened on 6 September 1929 in Joubert Street, Johannesburg. Since then, the Company has grown to ten retail brands trading in over 1000 stores in South Africa, Botswana, Namibia, Swaziland and Lesotho.
Edcon's retail business has, through recent acquisitions, added top stationery and houseware brands as well as general merchandise to its CFT portfolio. Defined by the target markets served, all retail business is structured under two divisions: Department Stores Division, including Edgars, CNA, Boardmans, Prato, Red Square and Temptations, serving middle and upper income markets and Discount Division including Jet, Jet Mart, Jet Shoes, Legit and Blacksnow, serving middle to lower income markets. Edcon Financial Services provides credit facilities and financial services products to the Group's over 4 million cardholders.
The stock
Stock
The capital stock of a business entity represents the original capital paid into or invested in the business by its founders. It serves as a security for the creditors of a business since it cannot be withdrawn to the detriment of the creditors...
of the company is listed on the Johannesburg Securities Exchange
Johannesburg Securities Exchange
JSE Limited is the largest stock exchange in Africa. It is situated at the corner of Maude Street and Gwen Lane in Sandton, Johannesburg, South Africa...
and Zimbabwe Stock Exchange
Zimbabwe Stock Exchange
The Zimbabwe Stock Exchange, or ZSE, is the official stock exchange of Zimbabwe. It has been open to foreign investment since 1993. The exchange has about a dozen members and over 65 listed securities...
, and is part of the Zimbabwe Industrial Index
Zimbabwe Industrial Index
The Zimbabwe Industrial Index is a stock index derived from the values of industrial stocks on the Zimbabwe Stock Exchange. The Zimbabwe Mining Index is a separate stock index, composed of mining companies.-Index listing:-Zimbabwe Mining Index:...
.
Private equity sale
According to Business DayBusiness Day
Business Day can refer to:*Business day, a period of time*Business Day *Business Day *Business Day...
http://www.businessday.co.za/articles/companies.aspx?ID=BD4A446936, South Africa's Competition Tribunal approved the sale of Edcon to Bain Capital
Bain Capital
Bain Capital LLC is a Boston-based private equity firm founded in 1984 by partners from the consulting firm Bain & Company. Originally conceived as an early-stage, growth-oriented investment fund, Bain Capital today manages approximately $65 billion in assets, and its strategies include private...
on April 26, 2007.
External links
- Edgars Stores official site
- Edgars Club official site
- Edgars Stores Limited at Google finance
- Business Day, article 'Edgars to anchor Rosebank centre' 6 Aug 2008, retrieved 24 Jan 2009
- Business Day article 'Retail giant Edgars starts a new chapter' 7 May 2007, retrieved 24 Jan 2009
- 1 Business Day article