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Industry News

South African & East African Footwear and Leather Goods, Leather and PPE industry news.

UITIC: 95 applications to present papers indicates high level of global interest

Published: 5th Feb 2018
Author: Tony Dickson - S&V Editor

Porto (Portugal) – 95 abstracts received during the Call for Papers reveal the increasing interest of the footwear industry for the UITIC Congress. The 20th edition of the International Technical Footwear Congress will take place in Porto from the 16th to the 18th of May.
       19 countries, representing the main worldwide footwear players, have presented their ideas for the in-room sessions of the UITIC Congress. China, India, Italy, Mexico, Portugal and Spain were the most represented countries in this Call for Papers open to all innovators from the worldwide footwear industry.
       An increasing number of countries with submissions when compared to the previous edition of the Congress (13 countries presented submissions for the last UITIC Congress in Chennai) reveals “the UITIC Congress is more and more interesting for the footwear community”, stated Françoise Nicolas, UITIC’s General Secretary and Coordinator of the Scientific Committee. Nicolas has no doubts: “We can consider the Call for Papers a great success!”.
       All the proposals will now be evaluated by the Scientific Committee and the results will be communicated before the end of February. A selection of 25 to 30 speeches will be delivered during the 20th UITIC Congress in Porto, subject to the following main topics:
- New products, new services linked to the consumers' needs;
- Intelligent development and manufacturing: towards a technological revolution;
- Sustainability, supply chain transparency and regulatory trends impacting on factories;
- Human centered factories and new way of management.
       Anticipating the atmosphere of the 20th UITIC Congress Françoise Nicolas declared: “It will be a great opportunity to meet relevant experts from the main footwear manufacturing areas, to have detailed information on the state of the innovations available and to get familiar with the main technological orientations for the footwear sector.

Tags: UITIC

Bolton road show

Published: 5th Feb 2018
Author: Tony Dickson - S&V Editor

Cape Town (SA) – Bolton will be launching its fourth seasonal road show this month in Johannesburg, Cape Town and Durban. This will be followed by Free State, which will take place in early March, covering Welkom, Bethlehem and Ladybrand during a four day road trip. Our main objective for doing the road show is to allow our retailers the opportunity to view the entire product offering that Bolton has to offer, in one central location. Retailers are able to compare product and price points which are aligned with their consumer profiles. The Summer 2018 product which will be showcased will focus mainly on the imported categories with locally made product like Grasshoppers, Bronx and Barker to name a few.  Winter 2018 will also be available to allow for retailers who require March/April/May deliveries. Import  Brands like Olympic, Jordan and Renegade will be showcasing their Winter 2018 range, most  of which is ex-stock. The open invitation was e-mailed to our database of customers however if you prefer a one on one appointment, then please contact your Bolton agent for an appointment.

Tags: Bolton
Permalink: Bolton road show

Kenya AGOA stakeholders set target of doubling 2016 value of AGOA exports to the United States by 2025

Published: 18th Jan 2018
Author: From the East Africa Trade Hub. Published on January 18; 2018

Today the USAID Hub and the Kenya Ministry of Industry, Trade and Cooperatives joined Kenya’s private sector to review and validate a new Kenya National African Growth and Opportunity Act (AGOA) Strategy. Since 2010, Kenya has nearly doubled its exports to the U.S. under AGOA, from $225 million to $389 million in 2016. The new National AGOA Strategy outlines updated priority actions for Kenya to diversify its export portfolio with the goal of doubling the value exports to the U.S. under AGOA by 2025.
       The new strategy is the result of a supply-side and end-market analysis provided by the USAID Hub at the invitation of the Government of Kenya. The USAID Hub worked closely with government officials and the private sector to perform its analysis which included a series of stakeholder engagement workshops by sector.
The U.S. Government remains committed to contributing to Kenya’s economic growth. Duty-free access through AGOA supports Kenya’s efforts to bolster industrialization, create jobs and achieve economic prosperity. The apparel sector under AGOA is the largest contributor to job creation in Kenya currently credited with supporting over 200,000 full-time jobs. It is also Kenya’s highest earning sector, accounting for 85% of its $389 million in 2016 AGOA exports.
       The USAID Hub is also working with the Kenya Ministry of Industry, Trade and Cooperatives on a “East Africa Cotton, Textile and Apparel Workforce Development Initiative,” a collaborative effort with the private sector based on a partnership agreement between the USAID Hub and the American Apparel and Footwear Association. The partnership ensures U.S. brands and retailers’ goods are manufactured in accordance with best-in-class business practices and operations in East Africa, producing a win-win for trading partners. As part of that initiative, in July 2017 the USAID Hub signed a grant with Generation Program Kenya Limited, a local subsidiary of the McKinsey Social Initiative, to create 2,000 full-time jobs and provide over 100,000 hours in skills development for young people in the apparel industry.

Tags: Kenya, AGOA, USAID

Retailers\' financial results show inflation scourge is back

Published: 30th Nov 2017
Author: The Source Zimbabwe
HARARE, November 13 (The Source) – Zimbabwe’s largest retailer, OK Zimbabwe, last week said its internal tracking of inflation showed that inflation stood at 7,69% in September, much higher than the 0,78% given out by the Zimbabwe Statistics Agency (Zimstats), laying bare the difference between official figures and the situation on the ground.
OK Zimbabwe calculates its inflation based on the changes in prices of its product range. Its financial results are also reflective of the influence of high inflation. This explains why three main retailers are posting impressive performances relative to regional peers.
Three main retailers dominate the Zimbabwean market: OK Zimbabwe, TM Supermarkets and Choppies, all of whom are delivering good value to their shareholders despite a sluggish economy characterised by acute forex challenges and waning aggregate demand among other challenges.
The performance, as OK Zimbabwe said, is attributed to the inflationary environment coupled with the use of electronic means of payment as the economy moves to plastic money to counter the prevailing serious cash shortages.
 
Zim retailers perfomance at glance:
The largest retail group, OK Zimbabwe’s net income more than doubled to $5,1 million in the six months to September, from $2,3 million in the comparable period last year on increased revenue and inflationary pricing.
Revenue rose 22,6% to $268 million from $218,6 million in the same period last year.
Another retailer with operations in Zimbabwe, Choppies, which is listed in Botswana, also said revenue at its Zimbabwe operations grew by 17% in full year ended June despite a sluggish economy underlined by chronic shortages of cash.
The growth in revenue was despite a 3% decline in sales over the period, explaining the ‘inflation factor’ which is driving retailers performance in Zimbabwe.
Choppies has 32 outlets in Zimbabwe. It operates in South Africa, Kenya, Tanzania and Zambia.
South African retailer Pick 'n Pay also echoes the same sentiments on its Zimbabwe operations stressing that its Zimbabwe associate, Pick n Pay TM Supermarkets, boosted the group’s half year revenue.
Pick n Pay’s Rest of Africa division increased by 12,6% to R2,3 billion ($170 million) while profit before tax was up 22,3% from R103,7 million ($7,7 million) to R126,8 million ($9,5 million), due to a strong performance from TM Supermarkets.
The group’s share of TM’s earnings grew 40,4% on last year to R40 million ($3 million). TM Supermarkets has 56 stores in Zimbabwe, 16 of which trade under the Pick 'n Pay banner. Pick 'n Pay controls 49% of TM , with the remainder held by Meikles.
Pick 'n Pay explicitly said that even though its franchise businesses outside South Africa did well in the period, the group’s share of profits of TM Supermarkets (its associate in Zimbabwe), continue to make an outstanding positive growth contribution.
Zimbabwe supermarkets operate in a market which is still significantly underpenetrated in terms of formal retail but face competition from an explosion in informal commerce. Supermarkets however have an edge over the informal which are predominantly cash based. The cash situation in the country has seen an upsurge in customers bracing to que in formal shops which offer an array of payment options other than cash.
However retailers are not immune to the forex challenges facing the economy at large, which constrain their capacity to meet foreign suppliers on time, posing product supply challenges.
They however leverage on the support from their parent companies, though not sufficient, to meet consumer demand and provide a wide range of products.
The performances of these supermarkets indicate that despite the sluggish outlook, Zimbabwe is a high performing economy which could get even better with the right policies. - http://source.co.zw/2017/11/reatilers-profits-show-inflation-surge/

ATF: LTE hands over to Messe Frankfurt

Published: 31st Oct 2017
Author: Tony Dickson - S&V Editor

Pictured at the show were (from left) Kathryn Frew, show manager, SA shows Messe Frankfurt; Zhang Tao, secretary general, the Sub-Council of Textile Industry, CCPIT; Melisia La Cock, sales, SA shows Messe Frankfurt; William Scalco, member, LTE – leaders

Cape Town, SA - Local fair organiser LTE hosted its last Apparel, Textile & Footwear (ATF) fair, which ran from November 21-23 alongside the China Premium Tex Show.
 
Global fair organiser Messe Frankfurt will run ATF and its sister fair, Source Africa, from next year.
 
CCPIT TEX and United Asia were joint organisers with LTE of the China Premium Tex Show.
Tags: ATF, LTE
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