Edgars looking for buyers to help keep it open

[BusinessTech]

Edgars looking for buyers to help keep it open

Edcon Holdings Ltd.’s administrators are fast-tracking a plan to sell all or parts of the business to keep South Africa’s second-largest clothing retailer in operation amid the Covid-19 pandemic.

 

[Hemi300c]

I feel for the employees but nothing for the shareholders and decision makers. They have been ripping people off for years and handing out credit willy nilly and putting people without money in great debt.

 

[Gaz{M}]

I tried to help by ordering a whole bunch of stuff online on 1 May. It arrived on the 6 June, some items missing and some others wrong. What a joke.

 

[IzZzy]

Edgars looking for buyers to help keep it open

Edcon Holdings Ltd.’s administrators are fast-tracking a plan to sell all or parts of the business to keep South Africa’s second-largest clothing retailer in operation amid the Covid-19 pandemic.

Edcon Holdings Limited is dormant and in the course of liquidation.

The business rescue plan is for Edcon Limited.

 

[ISP cash cow]

I will offer you, two chappies and a coke, for it

 

[Goosfrabba]

I will offer you, two chappies and a coke, for it

I'll outbid you with 5 magic beans

 

[Tabac]

I'll outbid you with 5 magic beans

I've got an empty cigarette pack.

 

[Goosfrabba]

I've got an empty cigarette pack.

Got a receipt for that?

 

[BBSA]

We do not need zombie companies, let it die.

 

[lkswan747]

I've got an empty cigarette pack.

Damn, if there was one gwaai in the pack I would have made you an offer.

 

[Tabac]

Got a receipt for that?

Pre Lockdown packet. It's an antique.

 

[dunkyd]

How did AA work out for you guys ?

 

[Sarg3_ZN]

How did AA work out for you guys ?

By the looks of things it worked out BEE-utifully

 

[RedViking]

But why? They obviously not profitable?

Oh wait! Maybe the government can buy them out! Perfect investment for our tax money!

@thechamp will you talk to them? Tell them of this great business opportunity.

 

[RedViking]

The problem with Edgars (besides Edcon and its management) is they too expensive. It doesn't have that same privileged feeling than when you buy from Woolworths.


You never hear someone say

"Sho my brah! Frederick shop at Edgars mos. He is lekker larney my bru. A real privileged oke that one. "

 

[ToxicBunny]

The problem with Edgars (besides Edcon and its management) is they too expensive. It doesn't have that same privileged feeling than when you buy from Woolworths.


You never hear someone say

"Sho my brah! Frederick shop at Edgars mos. He is lekker larney my bru. A real privileged oke that one. "

I would love to know how woolies managed to keep that image for their clothing stuff since it isn't high end or larney anymore. It's actually just decentish quality at a not too ridiculous price

 

[quovadis]

I feel for the employees but nothing for the shareholders and decision makers. They have been ripping people off for years and handing out credit willy nilly and putting people without money in great debt.

Edgars' financial & related services aren't Edcon and haven't been for many years as with many store credit offers today.

 

[RedViking]

I would love to know how woolies managed to keep that image for their clothing stuff since it isn't high end or larney anymore. It's actually just decentish quality at a not too ridiculous price

Marketing. People will do anything for status. Woolies took the opportunity to push their brand.

 

[quovadis]

The problem with Edgars (besides Edcon and its management) is they too expensive. It doesn't have that same privileged feeling than when you buy from Woolworths.

You make a valid point. I'd like to add that beyond the branding I think the biggest issue was that they changed their store layout to shop-by-brand as opposed to shop-by-item ie. all jeans there, all shirts there, all t-shirts there etc. The result is that with more brand-owned boutique stores it was simply more popular, efficient and better specialised service to find a fit and size of a garment when going to the brand stores than the department stores especially in large malls where all the brands were present.

 

[maumau]

Nothing's going to save the Edgars shops until they change the attitude of their surly staff.