I’ve ‘filled the gap’, thank you
Published: 31st Jul 2024
Cape Town, W. Cape, SA – L. Cohen Outfitters Est 1912 was the first independent in Wynberg to acquire the Nike brand, a situation that we held for a number of years before Nike's policy changed to supplying numerous stores in close proximity.
Those were the good years.
The World didn't end when they advised that they would be terminating our contract (to be fair they gave us two and a half years notice). In a way I benefitted, in that I was relieved of the constant pressure of committing to orders and large monthly monetary settlements to maintain the status quo.
I have, since, adequately "filled the gap" by stocking more economic-friendly lines which in today's climate is working out to be more viable.
Over the last few years and especially after the Covid scare, the business climate has had a distinct downturn internationally and I am, therefore, not surprised that brands like Nike have suffered accordingly.
- Has Nike’s greed come back to haunt it?Early in July, international media carried reports about a steep fall in Nike’s share price following disappointing results. One was Sky News, which headlined a report: ‘How a series of blunders brought Nike's share price to COVID lows and meant it's being beaten by younger rivals.The iconic sportswear brand has switched away ...more
Footwear Industry Articles
- I’ve ‘filled the gap’, thank youCape Town, W. Cape, SA – L. Cohen Outfitters Est 1912 was the first independent in Wynberg to acquire the Nike brand, a situation that we held for a number of years before Nike's policy changed to supplying numerous stores in close proximity.Those were the good years.The World didn't end when they advised that they would be terminat ...moreRelationships have to be more equalCape Town, W. Cape, SA – I’m sure Nike’s decision to drop so many retailers can’t have helped their recent performance, but I don’t know how much damage that did to them.It was mostly motivated by the opportunity to double their markup – that’s the only reason that makes sense. But what they didn& ...moreInvestor lawsuit hits LululemonLululemon Athletica Inc. is currently facing a class action lawsuit filed by a shareholder who claims the company misled investors by failing to disclose critical information about its business operations. This lawsuit involves individuals and entities who purchased Lululemon securities between December 7, 2023, and July 24, 2024.The Alle ...more
Leather Industry Articles
- Job Cards
Job cards – are these bureaucratic pieces of paperwork worth anything? The tracking of work, quality control indicators, dates and timing, and non-conformance can be tagged onto this tool and production control and monitoring can be greatly enhanced. The job card can be historical and diagnostic.Can a tannery run production without ...moreA gentle, decent man who contributed to a better environment professionally and personally
Obituary: Roger Alec Rowswell – Somerset West Municipality, Cape Town Municipality, Leather Industries Research Institute, Tannery Environmental Consultancy Services (12/01/1948 – 20/08/2024) ...moreUpdate on outbreak of Foot and Mouth Disease in Eastern CapePretoria, Gauteng, SA (08 August 2024) – Following the recent outbreaks of Foot and Mouth Disease (FMD) in the Kouga and Kou-Kamma Municipalities of the Eastern Cape, the Department of Agriculture is committed to providing ongoing updates and ensuring effective measures are in place to manage the situation.Engagement with Farmers an ...more
PPE Industry Articles
- The labelling dilemmaWe repeatedly get queries from incensed importers who have had goods stopped at the behest of the National Consumer Commission (“NCC”) because the labelling of the goods is not compliant. Such a small thing, which gives rise to disastrous consequences since the NCC issues a directive to the importer: threatening a fin ...morePromoting health and safety on construction sites: a vital commitmentCape Town, W. Cape, SA (24 June 2024) – In the wake of a recent construction site tragedy in George where a building collapse resulted in injuries and loss of life, the imperative of prioritising health and safety protocols on construction sites has come sharply into focus. Such incidents underscore the paramount importance of adher ...moreTransitioning to climate-friendly construction: Bio-concrete and biogenic construction materials with cyanobacteria
Dresden, Germany (01 July 2024) – Fraunhofer researchers have developed a method of creating biogenic construction materials based on cyanobacteria. The bacteria multiply in a nutrient solution, driven by photosynthesis. When aggregates and fillers such as sand, basalt, or renewable raw materials are added, rock-like solid structure ...more
© S&V Publications
