EDGARS Stores (Edgars) says it seeks to expand its geographic footprint through the opening of new stores in strategic locations.
The apparel retailer said it continues to remodel the business to capitalise on opportunities that arise in the very uncertain operating environment.
The chairman of the group, Thembinkosi Sibanda, said the recovery of the business is premised on the back of improved access to foreign currency, through domestic sales to cover import requirements, a stable exchange rate and slower inflation.
This comes after trading in foreign currency since April 2020, has allowed the group’s retail chains to improve stock assortments, which in turn has increased traffic in stores.