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Surf: Holidays were good, but…

Published: 21st Aug 2023
Author: By Stuart Daykin; member; Brightwater cc t/a Rip Curl

Durban, KZN, SA - Trading was good for the holidays but sadly, it’s soft at the moment. Clearing out the last of winter as we start to stock the stores with summer product.

With the state of the economy and where interest rates are set, you can see the slowdown on the consumer’s pocket. Customers are looking for value-added product with some sort of discount.

We’re expecting a slow start to the summer and a very strong international season as the foreigners will enjoy the week rand.

Stock costs have risen as the dollar has gotten stronger. This will be a challenge for the local market to absorb. 

Tags: Rip Curl, Stuart Daykin

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