Edcon Chief Executive, Bernie Brookes, commented, “As expected, this last quarter's performance has remained challenging, but pleasingly, the result was not as weak as the first two trading quarters in fiscal year 2017, which were severely affected by the aggressive clearance of aged inventory. We have worked our way through 80% of these aging inventory levels. Stock clearances at Edgars and Jet are complete, while there remains some work still to be done in the Specialty division”. 9 Mar 2016 Read more Edcon Chief Executive, Bernie Brookes, commented, “As expected, this last quarter's performance has remained challenging, but pleasingly, the result was not as weak as the first two trading quarters in fiscal year 2017, which were severely affected by the aggressive clearance of aged inventory. We have worked our way through 80% of these aging inventory levels. 1 Mar 2016 Read more Edcon Chief Executive, Bernie Brookes, commented, “As expected, this last quarter's performance has remained challenging, but pleasingly, the result was not as weak as the first two trading quarters in fiscal year 2017, which were severely affected by the aggressive clearance of aged inventory. 1 Feb 2016 Read more |
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