Edgars, Jet may not reopen post lockdown

We can weather a few weeks, but not longer: Business owner on lockdown

The bulk of Edcon’s more than 1,000 clothing stores will close, and that will cost the retailer about R800-million in sales. That’s according Edcon CEO Grant Pattison who told suppliers on the eve of the lockdown that March revenue will be R400-million below forecasts.An emotional Pattison told suppliers during a conference call that the company only has sufficient liquidity to pay salaries, and is unable to honour any other accounts payable during the period.

If you have stopped ripping the public off years ago with your high prices, you would not been in this position, it is your own fault

Problem with Edgars is the extreme low-quality China junk clothing that nobody wants to buy. Their stores are over-staffed, but you're more likely to find them chatting in groups. They're nowhere when you want to pay, so you have to go and search for someone to assist you.

Oh no, where will I find Jabaroo?

The entire economy is on its knees. I couldn't help but to wonder about the aftermath of the 21daylockdownSA . The real disaster is awaiting and we can't rule out civil unrest ..COVID19SouthAfrica SANDFDeployment Day1

Are they seeking bailout?

ThuliNew Yoh! The after effects of this pandemic are gonna be real

It has been struggling to keeps its stores open. Now more people, breadwinners are going to lose their jobs

This lock down couldn't have come at a worse time for this company. My goodness it's dire dire dire.

Does this mean I can stop paying my account? 😊

Boks_26 Isn’t the ones that they were saying they gained millions of Rands with club nton ton by joining customers without their knowledge?

Oh no

Soo are they gonna have a going out of business sale? 🤔

FrancisSheeran1 I want my credit refunded please

TheAnonymous_ZA This is fucking sad. I feel for that poor man.

Kanti bathi angikhokheleni mhlaka 30 bebe bewa vele

Should have kept Jet and closed down Edgars stores 😑

Fortuna64531490

Most companies will use this as an excuse, they always wanted to cut down, this is very convenient for them.

Yeyi EdgarsFashion my account is on a negative balance, I want my money before y'all close

ramsayshonge I think coz they didnt innovate fast enough, most of Edgars stuff was old and expensive. Its a pity.

Their problems started way before the lockdown. They priced themselves out of the market

40 thousands plus people might lose their Jobs while as a country we're in recession and very high unemployment .

It's been downward spiral for this chain stores.

Somebody is gonna pay me big time hehe 😂😂😂😂😂

What about ama-lay buy wethu? Don't close without giving us back our money.

But around this time last year they concluded a deal of about 3 billion Rands with the PIC to stay in business and protect jobs. Now they face going out of business? Something doesn’t add up here. Bayenzeni ngemali engaka

missparker20 What about people’s lay buys?

ijooooguys

Wow , and if the lockdown is extended , even more problems , unions , lets strike about that now , yes And whilst at it strike for increase in corona virus as well

Sad news

?

Is it because of the fake clothes that we're seeing everyday in our towns?

Edgars like attention too much

Don't close Jet 😢

Your headline is misleading.

Job losses

And all the debt the shebeen rats owe?

Edgars gives employment to South Africans only. You know what it means right👉

HeidiGiokos No doubt a number of companies will find themselves in severe financial difficulties and there will be multiple liquidations. June Stacey Marks Attorneys is available to legal opinions and assistance at this time.

Sad.

The government must help Edgars financial it’s not on

Wow that's really bad for employees

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