S&V Weekly Newsletter Vol.5 No.22, June 3, 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
Comment from 4 retailers on Saturday
Durban, KZN, SA – Vayej Brothers (Pty) Ltd, which traded as American Menswear and Street Gear, with 33 stores, has gone into liquidation and closed at the end of May, MD Ebrahim Vayej confirmed on Saturday. He declined to go into detail, but said if he resumed trading, it would be in "a small way". His son, Shabeer, who has been ill, resigned from the business late last year.
SAFLIA 'satisfied with' CTFL 'Masterplan'
Durban, KZN, SA – SAFLIA "is satisfied with" the main points of the CTFL 'Masterplan' compiled by B&M Analysts on behalf of the Department of Trade & Industry, after "an impassioned meeting" last week between SAFLIA executive director Jirka Vymetal, FLIC director Ernest Heunis, SAFLIA Mancom member John Comley, and B&M chairman Justin Barnes.
Statement on wage negotiations
Durban, KZN, SA – SAFLIA "appreciated the atmosphere and the positive spirit" of this year's wage negotiations, executive director Jirka Vymetal said last week. "It was acknowledged by all parties that last year's strike was a lose-lose for everyone."
Pepkor results: Apparel up 5.2%
Cape Town, W Cape, SA (May 29) – Pepkor Holdings Ltd's clothing and general merchandise business grew 5.2% to R23.1 billion, contributing 66% of group revenue, according to the unaudited interim results for the 6 months ended March 31. Operating profit increased by 6.6% to R3.1 billion. Excerpts from the report:
They Said It
"You're persistent. I was trying to keep my head under the radar, but you don't give up." - Voden Wearne, who has started a new business in Cape Town persuading brands and retailers to source locally. His first name is Nordic, and his business name is Oden, after the Norse god. You can read about his venture in S&V Footwear & Leather Goods on Wednesday. 'Persistent', when it is applied to me, is probably a synonym for 'irritating', but I choose to take it as a compliment.
"U.S. retailers to date have announced planned 2019 closings of more than 6,500 doors, a number that – through just the middle of the second quarter – has already passed the total number of 5,864 stores shuttered in 2018. The retail doors slated for closure cut across all consumer categories, including softlines, hardlines, furniture, groceries and electronics." - An extract from The Sourcing Journal.
S&V Directory - Order now
The directory is ready. On sale for R450. The online version is also 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
ABSA Agri Trends 31/05: Hides & skins prices
Bovine hides R1.74/kg. NB* Hide prices are determined by the average of the RMAA (Red Meat Abattoir Association) and independent companies. Sheep skins: Dorper skins R48.75/skin.
03/06/1958: Tom Bailey, Watson Shoes, Great Brak River.
In Memoriam this week
03/06/2016: Joop de Voest (b. 21/01/1954), Marketing & Planning Consulting Services, De Rust.
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News & Classifieds: Tony Dickson, +27 (0)31 209 7505, firstname.lastname@example.org
Next newsletter: June 10, 2019.