S&V Weekly Newsletter Vol. 4 No. 50, Dec 17, 2018
This Newsletter is sponsored by SAFLIA
This week, a look at retail in smaller towns and cities –
Edcon denies 'imminent liquidation' report, says it is close to recapitalisation deal
Johannesburg (SA) – According to a report in Business Insider, Edcon CEO Grant Pattison yesterday denied a Sunday Times report that Edcon would 'close 1 300 stores if an offer to landlords was rejected'. He said Edcon was 'close to announcing a recapitalisation deal which will ensure its survival'. For the full report, see: https://www.businessinsider.co.za/edgars-ceo-grant-pattison-company-liquidation-140000-jobs-2018-12
Robby Stoller, MD, Dangee Carken, Johannesburg - "Dangee | Carken ended another growth year with huge advances in claiming substantial market share from our competitors. Our ability to read the fashion, coupled with quick turnaround and powerful marketing, has once again proved to be a winning formula. Mid-year we moved into our state-of-the-art building, advancing our position as fashion leaders. We are also making huge progress in our investment in technology which will take us further away from the old style of trading. We are firmly positioned to take on what lies ahead.
They Said It
"The shoe department is up on last year - not much, but up is up these days." - Mark Kingon, Kingon's East London.
"Sorry it is late. Batman is having an off day." - Rolfes Leather's Quintin Marais, a.k.a. Robin's sidekick.
Dick Whittington's 70th
There were 2 ads missing from the congratulatory issue on Dick Whittington's 70th anniversary (S&V Footwear & Leather Goods, Vol 81 No 10). Better late than never!
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
17/12/1972: Iqbal Abdulla, Studio 88, Johannesburg.
In Memoriam this week
18/12/2003: Ben Stoltzman (b. 03.05/1933), Vogue Shoes/Sportshoe SA [closed], Cape Town.
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
This week, Saddler Belts sales manager Mylene Fisher invites readers to check out its new website. She writes:
ABSA Agri Trends 04/12: Hides & skins prices
The average hide price over the past week was R3.85/kg green. NB* Hide prices are determined by the average of the RMAA (Red Meat Abattoir Association) and independent companies.
Mens KZN based leather footwear manufacturer
Shops for sale, Mpumalanga
Profitable footwear and clothing retailer (2 stores) for sale in Mpumalanga town. No goodwill. Pay only for stock, fixtures and equipment +/-2.5m. Property available for 250k.
In need of a boardroom?
SAFLEC, situated at 6 Stedman Mews, 128 Jan Hofmeyr Road, Westville, has a boardroom for hire.
News & Classifieds: Tony Dickson, +27 (0)31 209 7505, email@example.com
Next newsletter: December 24, 2018.