Unaudited trading update For the 52 weeks ended 26 march 2016 and for the 13 weeks ended 25 June 2016
20 September 2016
Edcon Holdings Limited (together with its subsidiaries, “the Group” or “Edcon” or “we” or “us”) is southern Africa’s largest non-food retailer. We have been in operation for more than 80 years and have expanded our footprint to 1,542 stores as at 26 March 2016, including 213 stores in eight countries outside of South Africa. During the current financial period, we operated our business under four principal operating divisions comprising nine key store chains as well as mono-branded stores throughout southern Africa.
Our Edgars division, which consists of department stores targeted at middle-to-upper-income customers, includes store chains Edgars, Edgars Active, Edgars Shoe Gallery, Boardmans and Red Square as well as our mono-branded stores, and accounted for 51.3% of total retail sales in the 52-week period ended 26 March 2016. We had 559 stores in our Edgars division (including mono-branded stores) and an average retail space of 846 thousand square meters for the financial year 2016.