Edgars FY profit plummets 90pct

HARARE, March 22 (The Source) – Clothing retail chain Edgars Stores’ net profit dropped nearly 90 percent to $548,000 from $4,57 million after a 19 percent drop in sales. Merchandise sales were $50,3 million for the year to January 8, 2017 compared to $62,3 million last… Read More

ART chief executive Ameer quits

HARARE, March 13 (The Source) – Amalgamated Regional Trading (ART)’s chief executive, Tapiwa Ameer has quit the group, two years after his appointment, the company has said. Art has appointed Milton Macheka as the acting chief executive with effect from March 1. Macheka is the… Read More