Edcon

Edcon Limited

Type	Private
Traded as	ZSE: EDGR
Industry	Retail
Headquarters	Johannesburg, South Africa
Products	Clothing, footwear, accessories, sporting goods
Subsidiaries	Edgars Consolidated Department Stores
Website	edcon.co.za

Edcon Limited is a retail company based in Johannesburg, South Africa. Its subsidiaries include Edgars, a department store with 37 branches.^[1][2]

History

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, Lesotho and Zimbabwe.

Edcon's retail business has, through recent acquisitions, added top stationery and houseware brands as well as general merchandise to its CFT portfolio. Edcon Financial Services provides credit facilities and financial services products to the Group's over 4 million cardholders.

The current CEO is Jürgen Schreiber.

Divisions

Defined by the target markets served, all retail business is structured under two divisions:

• Department Stores Division (serving middle and upper income markets):
  • Edgars (operates in Botswana, Namibia, Swaziland, South Africa)
  • CNA (operates in South Africa)
  • Boardmans (operates in South Africa, Namibia)
  • Prato (operates in South Africa)
  • Red Square
  • Temptations
• Discount Division including (serving middle to lower income markets):
  • Jet (operates in Botswana, Lesotho, Namibia, South Africa, Swaziland)
    • Jet Mart
    • Jet Shoes
  • Legit (operates in Botswana, Namibia, Swaziland, South Africa) ^[3]
  • Blacksnow

The stock of the company is listed on the Johannesburg Securities Exchange and Zimbabwe Stock Exchange, and is part of the Zimbabwe Industrial Index.

Private equity sale

According to Business Day, South Africa's Competition Tribunal approved the sale of Edcon to Bain Capital on April 26, 2007.

References

1. Google finance, Edgars Stores
2. Edgars Stores, About us
3. "Edcon Limited - Legit store locator".

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