Edgars Buzz #02

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Send your comments or queries to: EdgarsBuzz@Edcon.co.za

#02

DELIVERING A GREAT EXPERIENCE John Fraser talks operations

JESSICA PILLAY EAST RAND STORE MANAGER My Edcon journey

JOHANNESBURG NORTH DIVISION INITIATIVE Making a difference

Message from CE: Andrew Levermore

STRATEGY UPDATE We’ve seen steady growth and some very positive results from peak trade initiatives over the last quarter. Though the latest statistics are not out as yet as I write this, the results of some of our competitors might mean we regained some market share in end 2016. Our assortments are taking shape and our improved offer is attracting positive customer comments. Highfashion private labels Free 2BU and JX sales are growing significantly and creating excitement amongst our customers. Our new price positioning has certainly been recognised in the latest market research and is being commented on consistently in our NPS ratings. Recent store revamps have been noticed and pleasantly received by both customers and the business community. And these stores are showing significant growth. Further revamps will continue into the next period. Our added staff in stores have been noticed by customers, improving NPS scores, so it’s vital that stores continue to focus on customer service, to maintain the very positive momentum we’ve created. Daily huddles are imperative to keep our eye on the ball!

January trade was a bit tough in some smaller stores where we underinvested in inventory, leading to stock shortages at the end of 2016. Fresh tactics and plans to improve these stores’ stock positions are already underway. There were plenty of great examples of “trader mentality” in stores over peak trade and lots of wonderful local initiatives driving the decent results. Good news on the marketing front, too, as our participation in Black Friday drove the biggest ever sales in a single day – ever! Stores were overrun and the teams performed remarkably well under the pressure. Our Laduma! initiative was very well received and drove extra effort in stores. This effort resulted in decent rewards for all who made it and some very lucky winners of cars, cruises and TVs. Well done to all on a better-than-expected festive season of trade! Thanks for the extra energy, enthusiasm and huge effort. Let’s keep it going as we implement our new strategy and take Edgars to the top of the pile again! Best wishes to you and your families.

Andrew Nicky Correia – General Manager, Marketing

WELC OME “I am delighted to be joining the marketing team and broader Edgars team, and look forward to meeting everyone and visiting stores. I am personally very excited with the prospect of what lies ahead for our iconic brand, supported by the strong initiatives the management team has already started. In the next edition of Edgars Buzz we will share some of our key marketing and customer-driven priorities as well as our passion for building the Edgars brand.”

“Make the customer the hero of your story – happy trading!”


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