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S&V Weekly Newsletter Vol.5 No.10, March 11, 2019

This Newsletter is sponsored by SAFLIA

LET'S MAKE 2019 A REALLY GOOD YEAR!

Please note: Click on any ad to go to the advertiser’s website

 

Retail last week

On Saturday, comment from 5 retailers
"March has started out quite well after an average January and a February which was down on last year. Friday in particular was good - not fireworks, but satisfactory. It all follows a very good December. I think it depends on your stock." - Heila Kuhn, proprietor, Bay City Shoes, Mossel Bay, W Cape, SA. Independent, 1 store, family footwear.

"It's been a bit quiet since the beginning of the year. December was a bit better." - Nasir Badat, member, BB Bazaar, Piet Retief, Mpumalanga, SA. Independent, 1 store, technical sports store.

"It recovered slightly, but still not very good. The year to date has been slow." - Mahmood Bulbulia, BB Shoe Centre, Johannsburg, Gauteng, SA.

"It's been not too bad. We've had a good couple of weeks, which probably has to do with better stock." - Jenny Smart, proprietor, Beach & Beyond, Ballito, KZN, SA. 4 stores, beachwear including women's sandals.

"Bad. Worse than last year." - Nomawethu Bam, proprietor, Bealio Boutique, Mtata, E Cape, SA. Independent, 1 store, men's outfitter.

 

 

Edcon to sell its stake in Celrose, Eddels

Johnnesburg, Gauteng, SA – Edcon is to sell its share in Celrose (Pty) Ltd, the Tongaat-based clothing manufacturer which also owns Eddels Shoes in Pietermaritzburg.
       In a statement to S&V last week, Industrial Development Corporation (IDC) divisional executive for corporate affairs, Zama Luthuli, said: "IDC has made a binding offer to acquire Edcon’s interests in Celrose, which has been accepted by Edcon. Both IDC and Edcon management are currently in discussions regarding this transaction subsequent to which final terms will be submitted to the Competition Commission for consideration."
       The IDC's motivation would be to ensure Celrose's survival and to assist Edcon with its recovery attempts, but a source at the IDC said "a number of parties" were interested in buying Celrose, and that negotiations were ongoing.
       Celrose supplies clothing to Edcon and to other chains. Eddels supplies synthetic upper footwear to Edcon, and leather footwear to independents.

 

 

Suppliers 'relieved' at Edcon bailout

Meanwhile, other footwear suppliers to Edcon have expressed relief at the R2.7 billion rescue deal announced on March 9, in which the Unemployment Insurance Fund and debt holders will put money into the business and participating landlords will reduce rents.
       "We, as an industry, are very relieved that they have recapitalised, as lots of local manufacturers are suppliers to Edcon," said SA Footwear & Leather Industries Association chairman Noel Whitehead on Friday. "The impact of Edcon closing down would be very detrimental to the wider industry and suppliers."
       "It's encouraging," said Caprini Footwear MD Sanjay Pattundeen. "Caprini has been a supplier to Edcon during its highs and lows. I hope Edcon recognises that and grows our business partnership."
       Several weeks ago, component supplier Garth Ribbink of Greenaways Natal had said a number of Edcon's footwear suppliers had been unsure whether to continue supplying.

 

 

Who makes skips?

Durban, KZN, SA – Capri Bag Manufacturers, that's who. After my grumble last week about the lack of response to our query, several people let us know that Capri makes skips.

 

They Said It

"I have a sneaky (sneaker) suspicion we are not talking about the same thing." - Annah-Mae Blair, The New Shoe Company. She had responded to our query about shoe skips, but what she was talking about was THESE, not skips for carrying footwear:

 

"Thank you for your email. Unfortunately I will be out of office for a while, 4 months to be exact (perks of having babies). I'll only be back on the 4th of July 2019." - Conce Moraba, from ABSA's Agritrends division.

 

S&V Directory - Order now

The directory is nearing completion. Copies are available at the pre-publication price of R250. The online version is available at R450 for 12 months' access.

 

2019 Trade Fairs Another essential service from S&V

Please note that we have put a list of the 2019 trade fairs and conferences on our website, linked to their websites: http://www.svmag.co.za/events

 

 

Exchange rates

Source: http://www.x-rates.com/calculator/

 
  Euro € GBP £ US $ Yuan Renminbi ¥
05/01/2019 R15.94 R17.79 R13.99 R2.03
12/01/2019 R15.86 R17.76 R13.83 R2.04
19/01/2019 R15.76 R17.85 R13.87 R2.04
26/01/2019 R15.52 R17.97 R13.60 R2.01
02/02/2019 R15.26 R17.42 R13.32 R1.97
09/02/2019 R15.46 R17.66 R13.65 R2.02
16/02/2019 R15.90 R18.15 R14.09 R2.08
23/02/2019 R15.90 R18.32 R14.04 R2.09
02/03/2019 R16.17 R18.77 R14.22 R2.12
09/03/2019 R16.22 R18.79 R14.43 R2.14
Note: For previous rates, see HERE

 

 

 

ABSA Agri Trends 01/03: Hides & skins prices

Bovine: The average hide price over the past week was R2.04/kg green. NB* Hide prices are determined by the average of the RMAA (Red Meat Abattoir Association) and independent companies. Sheep: The average price for dorper skins was R30/skin and the average price for merino skins was R45.21/skin. The pries for merino skins declined by 44.42% year-on-year. Dorper skins are trading at the same price level, year-on-year.

Hide & skin price progression
Date Hides/Kg Dorper/Skin Merino Skin
18/01 3.94 33.75 81.67
25/01 2.89 31.11 92.78
01/02 2.83 30.63 87.50
05/02 2.53    
13/02 2.95    
15/02 2.95 25.83 62.01
19/02 2.01    
22/02 2.00 31.88 49.21
26/02 2.04    
For previous prices, see HERE
 

  

11/03/1956: Sarah Gedye, Michelle Footwear, Durban.
11/03/1959: André Meyer, Green Cross, Bloemfontein.
11/03/1968: Brett Laing, Grounded, Cape Town.
12/03/1966: Matthew Hansen, CL Hansen Agencies, Durban.
12/03/1988: Mohamed Yaseen Jeewa, Traford Footwear, Durban.
13/03/1959: Salim Moosajee, Seltex, Johannesburg.
13/03/1965: Eleugene Human, Johnson Controls SA, Uitenhage.
13/03/1977: Sarah Chapman, designer, Durban.
13/03/1981: Colin Muir, Pasacojo Marketing Services, Port Elizabeth.
14/03/1958: Berno Dumas, Watson Shoes, Great Brak River.
14/03/1966: Silvan Pillay, Shoe Biz, Pretoria.
15/03/1965: Neil Solomons, Jordan Shoes, Cape Town.
15/03/1972: Vanyo Mangaliso, Sun Goddess, Johannesburg.
15/03/1973: Jacky Hay, Little Slipper Co., Port Elizabeth.
15/03/1974: Tim Pittaway, Ostrich Emporium, Port Elizabeth.
16/03/1961: Doc Motala, Crown Footwear, Pinetown.
16/03/1965: Rod Bloom, Barksole Quality Services, Cape Town.
16/03/1979: Matthew Boltman, Noo Shoes, Pretoria.
16/03/1987: Pankaj Mistry, Superstar Fashions, Vereeniging.

 

In Memoriam this week

11/03/1993: Doug Roberts, Clarks SA/Kingsley Shoes [both closed], Pietermaritzburg.
11/03/2005: Des Orme, (b. 27/11/1924), Panama Shoes [closed], Durban.
11/03/2013: Donald Henry Gough (b. 02/07/1922), Barker Footwear/FMF, Cape Town.
13/03/1997: Denis Kalil, Payless Shoes, Durban.
14/03/1988: John Begg, BU Shoe Machinery, Port Elizabeth.
17/03/1995: Kees Pulles, Futura Footwear, Loskop.

Have you let us know about your birthday, or the birthdays of your colleagues? Our readers love this section, so please become part of it. This also applies to the In Memoriam section. Help us remember former colleagues.

 

Send us the links

We invite businesses to send us links to websites, Facebook pages and the like which they feel would be of interest to others. The links below are from our database:

André van Rooyen Taxidermy cc, taxidermy, Roodepoort, Gauteng, SA: http://www.avrtaxidermy.co.za/
Andy's Man's Shop, branded men's outfitter, 1 store, Cape Town, W Cape, SA: https://www.facebook.com/andysplus/

 


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Contact us

News & Classifieds: Tony Dickson, +27 (0)31 209 7505, tony@svmag.co.za

Next newsletter: March 18, 2019.

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