Source:Axia to roll out new TV Sales & Home, Transerv stores-Newsday Zimbabwe
AXIA Corporation Limited (Axia) plans to roll out several new TV Sales & Home (TVSH) and Transerv branches in 2026 as part of a wider growth strategy to expand its footprint locally and regionally.
Axia’s operating business units are TVSH, Distribution Group Africa and Transerv.
During its full financial year ended June 30, 2025, the group’s earned revenue of US$38,06 million from the regional business and US$158,4 million locally.
Comparatively, in the prior period, the firm earned revenue of US$42,69 million from its regional business and US$151,15 million locally.
“The group will continue to pursue a growth strategy in all its business units. To achieve this, we will continue to direct our efforts on our product offerings. Central to this goal is the ongoing focus on the quality of our products,” Axia chairman Luke Ngwerume said in a statement attached to the group’s financial year results for the period ended June 30, 2025.
“We will look at increasing the range of our products to meet growing customer needs and at the same time attend to new market segments.
“We will seek growth in sales volumes through competitive pricing of our products, realising that the local customers have options to source products from competitors both local and regional.”
The group will work closely with its suppliers to ensure the delivery and sustainability of this competitive pricing model for its customers both locally and within the region.
“The group will continue to expand its footprint in order to bring convenience to our customers across the countries in which we operate,” Ngwerume said.
“Several branches will be opened in the new year by TVSH and Transerv as alluded to above. Digital channels will be consolidated and expanded to improve customer access to our various products.”
Under TSVH, three new stores opened during the year, while one was closed in July 2024.
Source: Zimbabwe Situation
