Edgars, Jet may not Survive this 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 to Edcon CEO Grant Pattison who told suppliers on the eve of the lockdown that March revenue will be R400-million below forecasts.

It’s a devastating blow to Edcon suppliers.

An emotional Pattison told suppliers during a conference call that the company only has sufficient liquidity to pay salaries, and is unable to honor any other accounts payable during the period.

And this means Thousands of jobs will be lost due to this lockdown. You may start to be creative now and look for something which you will fit on and make a living out of it.

Show More

Related Articles

One Comment

  1. I am Ayanda female in need of a job from Heidelberg, age 23 I am a dedicated hardworking person. I have matric, police clearance certificate and computer literacy certificate . I can start ASAP my number is 0840887187

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button

Adblock Detected

Unblock ads to see this site