S&V Weekly Newsletter Vol.3 No.2, January 16, 2017
This Newsletter is sponsored by SAFLIA
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Festive Season sales: Following on from comments from several independents last week, several chains reported more acceptable or even better-than-expected sales, though two are still cautious about trading conditions in 2017.
Ralph Dodo, MD, Dodo’s Exclusive Shoes
Mixed bag, but overall quite good
Johannesburg (SA) – We found trading conditions up until the last week before Christmas challenging in our South African stores.
Steve Miller, director, Franco Ceccato Group
Trading patterns have changed, so adapt
Cape Town (SA) – Christmas trading for both Franco Ceccato and Queue was in line with expectations, albeit at levels similar to last year. Gross profit however was higher, this due to our seasonal sale only starting in mid January this year versus early December in 2015.
Anthony Thunstrӧm, CFO, the Foschini Group
Christmas trading ‘above expectation’
Cape Town (SA) – Christmas trading was above expectation with TFG Group sales growth for December (27 November 2016 to 24 December 2016) of 14,6%. Growth for TFG International was 47,9% in GBP and growth for TFG Africa was 11,5% with same store growth of 5,6%.
Competition Commission gives go-ahead for Decofurn et al deal
This statement was released by the Competition Commission, dated January 15. We hope to carry further detail in the next issue of S&V Footwear & Leather Goods.
1.9 Proposed merger between National Retail Holdings (Pty) Ltd v Decofurn (Pty) Ltd, CB Stores (Pty) Ltd, The Hub (Pty) Ltd and HTC Stores (Pty) Ltd and the Truzen Trust
60 000 watch Dangee-sponsored touch rugby tournament
Crowds attending the Dangee-sponsored touch rugby event in December.
Johannesburg (SA) – Dangee Carken sponsored a series of beach touch rugby competitions in the Western Cape in December. There were 7 events, from Camps Bay through to Hartenbos, and there were 346 teams. Dangee Carken MD Robby Stoller said an estimated 50 000-60 000 spectators were exposed to the marketing messages.
Cape Town (SA) – Jensen Belts MD Michael O’Connor died on December 30, from cancer, aged 65. An obituary will follow in the next issue of S&V Footwear & Leather Goods Magazine.
Pretoria (SA) – On behalf of my company, congratulations to Mark Gibbings for his “life time” contribution to the industry and if I may mention, I started with BU Shoe Machinery in Port Elizabeth mid-March 1967 so very soon I’ll be celebrating 50 wonderful years in the Industry. – Hannes Harding, FC & T Supplies.
Expo Riva Schuh: Trends
Boots are among the big stories at Expo Riva Schuh.
Riva del Garda (Italy) – The new cuissard [women’s thigh boot] stands out from the many proposals presented at the fair: true corsets, unique and appealing for all styles: thigh high, skin tight, perforated, suedette, ripped or fringed denim, embroidered, patent-leather, glitter and even classic, black leather or nubuck, but also in natural tones.
They Said It
"If you find him, send him my way." - Sew Solutions’ Rajesh Raghunandan, speaking of his hard-to-track-down business partner, Rabin Nagesar.
Birthdays this week
17/01/1961: Gita Chetty, Angelai’s, Durban.
In Memoriam this week
16/01/2000: Brenda Fairhead, Fairhead’s [closed], Cape Town.
Do you have any names you’d like to add to our list of birthdays and In Memoriam? Please send the details.
Trade Fair dates
For a list of local and international trade fairs covering footwear, leather goods, leather and PPE, visit our website: http://www.svmag.co.za/events.php
News & Classifieds: Tony Dickson, +27 (0)31 209 7505, email@example.com
Next newsletter: January 23, 2017.