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CNA NEWS ON FASTMOVING

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Edcon gets some breathing space

Edcon gets some breathing space

17/01/2019 - 10:34
Edcon is at a turning point yet again. The retailer — which operates the Edgars, Jet and CNA chain stores — has just wrapped up a deal with 250 stakeholders, including its shareholders and landlords, in a bid to keep its doors open. read more
CNA and Edgars get logo and layout facelifts

CNA and Edgars get logo and layout facelifts

20/04/2018 - 08:04
Edcon’s Grant Pattison has been putting together and implementing a turnaround strategy for the group. read more
Edcon in talks to defer $110m coupon payment

Edcon in talks to defer $110m coupon payment

18/04/2016 - 14:22
Edcon is in talks with creditors to defer R1.6bn of interest payments to December to boost its liquidity, it said on Friday (15 April). read more
Refinancing helps Edcon turn first profit since 2012

Refinancing helps Edcon turn first profit since 2012

29/02/2016 - 08:53
Johannesburg - Leading clothing retailer Edcon said it made its first profit since 2012 after last year’s successful exchange offer aimed at stabilising its balance sheet. read more
Edcon secures repayment deal on debt of R7.9bn

Edcon secures repayment deal on debt of R7.9bn

01/12/2015 - 08:25
Edcon said on Monday it had secured a repayment deal on debt of R7.9bn and access R1.85bn to pay down some bonds. read more
Edcon aims to boost sales

Edcon aims to boost sales

20/11/2015 - 11:56
Johannesburg - Edcon, South Africa’s biggest retail and clothing retailer, was rolling out a revised strategy in an effort to boost sales, it said yesterday as it released its second-quarter results.  read more
Edcon sales fall as credit purchases continue slide

Edcon sales fall as credit purchases continue slide

07/08/2015 - 09:39
Johannesburg - Edcon Holdings, South Africa’s largest clothing retailer, said first-quarter sales slowed as falling credit purchases weighed on trading. read more
Edcon considers sale of non-core stores

Edcon considers sale of non-core stores

25/02/2015 - 10:00
Edcon Holdings says it is considering a sale of non-core stores as it struggles under the weight of crippling debt and low apparel retail sales growth. read more
Edcon bonds signal debt overhaul needed

Edcon bonds signal debt overhaul needed

15/01/2015 - 10:42
Johannesburg - Edcon Holdings bondholders are signalling that the retailer needs a debt overhaul. read more
Debt noose tightens around Edcon

Debt noose tightens around Edcon

27/10/2014 - 11:16
Edcon’s debt squeeze appears to be getting tighter after ratings agency Moody's placed it "on review for a downgrade". read more
Rivalry fierce, says Edgars Zimbabwe

Rivalry fierce, says Edgars Zimbabwe

18/09/2014 - 13:47
Edgars Zimbabwe’s interim profit had declined by 9.7 percent; hit by the country’s increasingly informal economy, the clothing firm said yesterday.  read more
Boardmans launches e-commerce site

Boardmans launches e-commerce site

11/09/2014 - 10:53
Retail group Edcon has announced that home specialist, Boardmans, has launched online, and follows the launch of other brands in its stable, namely CNA, and Red Square. read more
Edcon still talking to Abil about lending

Edcon still talking to Abil about lending

28/08/2014 - 11:28
Edcon, the owner of Edgars and CNA, remains in talks with African Bank Investments Limited (Abil) to be an alternative credit provider to its customers, even though Abil has been placed under curatorship. read more
Edcon still talking to Abil about lending

Edcon still talking to Abil about lending

22/08/2014 - 15:19
Edcon, the owner of Edgars and CNA, remains in talks with African Bank Investments Limited (Abil) to be an alternative credit provider to its customers, even though Abil has been placed under curatorship. read more
Edcon benefits from strategic changes

Edcon benefits from strategic changes

04/06/2014 - 14:08
Johannesburg - Edcon, Southern Africa’s largest clothing and footwear retailer, has reported results for the 52 weeks ended 29 March 2014. read more
Edcon And Kobo Bring award winning e-readers To CNA Stores

Edcon And Kobo Bring award winning e-readers To CNA Stores

06/11/2013 - 13:12
Edcon, South Africa’s largest non-food retailer, and Kobo, a global leader in eReading, today announced that Kobo eReaders are now available at 91 CNA stores, one of the largest book and stationary retailers in the country.  read more
Edcon’s revenues rise

Edcon’s revenues rise

05/06/2013 - 07:53
Johannesburg - Unlisted retailer Edcon on Tuesday reported a 3.1% increase in total revenues to R26.7bn for the year ended March 2013‚ while retail sales increased by 2% to R25.2bn. read more
Edcon sees improved trading

Edcon sees improved trading

22/02/2013 - 08:36
Johannesburg - Edcon Holdings said trading at its lower-price units has improved in the past two months after a weak third quarter.  read more
Edcon hampered by IT costs

Edcon hampered by IT costs

28/11/2012 - 11:40
Retailer Edcon, has bemoaned a 14.7% rise in “other operating costs”, primarily due to IT costs which contributed towards an overall loss of R1.012 billion in results from continuing operations in the 26 weeks ended September 2012. read more
Edcon mulls debt, JSE listing

Edcon mulls debt, JSE listing

02/03/2012 - 09:23
SA’s biggest clothes retailer, Edcon, may return to the JSE as early as next year as the company seeks to repay debt owed to bondholders by 2014. read more
Edcon aims at new store growth

Edcon aims at new store growth

24/02/2012 - 08:53
SA’s biggest clothing retailer, Edcon, will accelerate space growth this year, chief financial officer Steve Binnie said yesterday, ending a conservative two or three years for the retailer. read more
Edcon launches new loyalty programme

Edcon launches new loyalty programme

21/02/2012 - 09:06
Johannesburg - Clothing, footwear and textiles retailer Edcon on Monday launched its new customer reward programme Thank U across its leading retail brands Edgars, Edgars Active, Red Square, Boardmans, Jet, JetMart, Legit and CNA.  read more
Credit-shy Edcon posts solid results

Credit-shy Edcon posts solid results

07/06/2011 - 10:30
Edcon, the owner of Edgars, Jet and CNA, will continue to be conservative in its credit granting policy, unlike competitors who have become, in a low interest rate environment, more aggressive in pushing credit. read more