S&V Weekly Newsletter Vol.5 No.31, August 5, 2019
This Newsletter is sponsored by SAFLIA
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Retail last week
Comment from 5 retailers on Saturday
SARS Footwear team to meet
Pretoria, Gauteng, SA – The SARS Footwear Industry Task Team meets again on August 14. Present will be SAFLIA, SARS & labour.
SENS releases last week
Steinhoff International Holdings N.V.
Stellenbosch, W Cape, SA (July 29, 2019) – As announced on 12 July 2019, Steinhoff management will be hosting an Investor Presentation on 13 August 2019. This presentation will take place at the Cape Town Convention Centre, Cape Town. The presentations will start at 10:00 am (South African time) and registration at the venue will be from 9:30 am.
Massmart - extracts from business update; trading statement
Johannesburg, Gauteng, SA (July 30, 2019) – For the 26-week period, Massmart's sales of R43.8bn represent total growth of 5.5% and comparable sales growth of 3.6%, with year-to-date product inflation of 2.7%. Total sales growth from our South African (SA) stores was 4.9%, while the same figure from our ex-SA stores was 11.8% in Rands.
Woolworths trading statement
Cape Town, W Cape, SA (August 1, 2019) – Shareholders are advised that earnings per share ('EPS'), headline earnings per share ('HEPS') and adjusted diluted HEPS for the 53 weeks ended 30 June 2019 are expected to be within the ranges reflected below:
Truworths trading statement
Cape Town, W Cape, SA (August 1, 2019) – Retail sales of Truworths International Ltd. (the ‘Group') for the 52-week period ended 30 June 2019 (the ‘current period') increased by 3.7% to R18.6 billion relative to the R18.0 billion reported for the 52-week period ended 1 July 2018 (the ‘prior period').
Great Brak River, W Cape, SA – Former Bolton Footwear head of design Tom Bailey has taken early retirement, but is still working a few days a month on a consulting basis.
They Said It
"Good to be back at my post again ! After spending 3 months rearranging my wife’s grocery cupboard by sell by date, and sorting spices into colour order, t’was clearly time to get back to shoes! This despite the sage advice of my ex partner who stated – 'Hey partner, isn't that a little like swimming back to Alcatraz?'..." - Steve Miller, who has bought Queue Shoes back from Dodo Shoes.
"Clive, just remember I am very, very particular where I shop. Next time when you are counting sheep, please Google Gateway in Durbs ….me and my twins boys have shares in Gateway. I guess they are taking after their old man. Just remember I don't follow fashion…I am fashion." - DyStar's Granville Steyn, reacting to Dr Clive Jackson-Moss's comment last week about who to ask about where to shop.
"Due to the current bus strike currently taking place in the city of Tshwane, the National Education, Health and Allied Workers’ Union [NEHAWU] has temporarily postponed the demonstrations that were scheduled to take place today at the Embassies of the Kingdom of Spain and of the Kingdom of Morocco in Tshwane." - Nehawu statement on July 31. What wonderful irony.
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 29/07: Hides & skins prices
Hides: R1.59/kg. NB* Hide prices are determined by the average of the RMAA (Red Meat Abattoir Association) and independent companies.
05/08/1933: Roberto Marchesi, designer, Cape Town.
In Memoriam this week
05/08/2002: Darryl Austin (b. 21/02/1947), Austin Shoes, Karmino Shoes [both closed], Pietermaritzburg.
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Have a look at these links
We invite businesses to send us links to websites, Facebook pages and the like which they feel would be of interest to others. The links below are from our database:
News & Classifieds: Tony Dickson, +27 (0)31 209 7505, firstname.lastname@example.org
Next newsletter: August 12, 2019.