Publisher of leading trade magazines for the Footwear, Leather-goods, Leather & PPE industries

S&V Weekly Newsletter Vol.5 No.47, November 25, 2019

This Newsletter is sponsored by SAFLIA

Please note: Click on any ad to go to the advertiser’s website

 

Good news last week

Tracking SA's recovery in the headlines:
Bongani Bongo arrest: first shots in the fight against corrupt public officials

 

Retail last week

Comment from 4 retailers on Saturday
"Start of the Summer season was quiet,  with July/ Aug/ Sep reflecting no real growth on 2018. Margins however were far higher resulting in a much improved bottom line. October was very encouraging and real growth achieved, however November, although also up on last year, has slowed down again. November has definitely been affected by Black Friday, with many customers holding back in anticipation of specials. Last year Black Friday was pre payday, whereas this year it is at month end, this may also have a  negative impact on first half December spend, which is a concern.
       "Trading as a whole has been very challenging, but at Queue we have endeavoured to continually move the business model upward. The lower LSM’s in the market are the most financially distressed, but in the higher LSM’s it is more a factor of offering a desired product than an inability to afford the purchase. We are targeting this niche in the market,  albeit it being far smaller. We believe that if we stick with this formula, that we will have the continued support of our loyal customers through these difficult times.
       "We feel that December will follow a similar pattern to the Oct/Nov sales trends, and although it may not be spectacular, we will show some good growth with improved margins. January is normally a  good month for Queue, with many folk buying into the more relaxed and resort offering.  Our view is that 2020 will be another tough year, but with a larger and improved  range of product, should yield far better results than 2019."
- Steve Miller, MD, Queue Shoes. Cape Town, W Cape, SA. Mini-chain, men's and women's footwear.

  "Not rosy at all. There was rain most days last week, which didn't help, and on Friday morning there was no electricity because of striking. We've never had a November this bad. However, a lot of people are waiting for Black Friday, which we will take part in, and we're hoping things will pick up from then on." - Zakariyya Essopjee, partner, Jumbo Discount Store, Krugersdorp, Gauteng, SA. Independent, 2 stores. Men's outfitter and family footwear.

  "It's not a November like before. Really disappointing. Turnover is 40%-50% down on last year. However, we had a 'Black Saturday' today, and it did really well. We will be offering specials for Black Friday as well." - E Essop, proprietor, Junior American Showroom, Johannesburg, Gauteng, SA. Independent, 1 store. Men's and boys' outfitter.

  "The week, and the month so far, have been dismal, but today, for some reason, has been busy, and I hope we have many more days like this. Black Friday is coming - I don't think it helps retail, because it cuts your margins, but we are forced to take part, and we will. I think December will be the worst in a long time - I can't see any reason for it to be better, but we have to hope that it will pick up." - Deetesh Lutchman, MD, Just for Feet, Johannesburg, Gauteng, SA. Independent, 3 stores, family footwear.

 

 

 

FLIC offers styling advice to manufacturers

By Richard Starmer
Pietermaritzburg, KZN, SA – The Footwear & Leather Industry Cluster (FLIC) would like to draw attention to their website www.flicsa.co.za. The website has just been updated with the latest European W2020 trends and styling ideas. This information is freely available on our website to assist factories in their range building and development endeavours. The pictures have been categorised by city and gender to make it easier to browse. FLIC trusts the various factories will again find this information extremely useful and of great assistance, especially in the case of factories that do not get to travel. FLIC will be updating the trends section of their website every season.

 

SENS releases last week

Mr Price interim results September 2019
Durban, KZN, SA (November 21, 2019) – Revenue for the interim period increased by 2.6% to R10.796 billion (2018: R10.526 billion), profit from operating activities decreased by 1.6% to R1.686 billion (2018: R1.713 billion), profit attributable to equity holders of parent decreased to R1.148 billion (2018: R1.279 billion), while headline earnings per share from continuing operations came to 442.7 cents per share (2018: 502.1 cents per share).
       Dividend: Notice is hereby given that an interim gross cash dividend has been maintained at 311.4 cents per share for the 26 weeks ended 28 September 2019.

 

They Said It

"There are no shoe stores (apart from Pep) in Philippolis.  It also seems as if the female population does not know too much about locally manufactured shoes.  (I am educating them as time goes on.)  They think that brands like Sketchers are locally manufactured☹.  In any case, I have purchased my first shoes over the internet and what a lovely experience.  I contacted Matthew Hansen, whom I know from my SAFLEC days, and asked him about Angelsoft Shoes and where I could buy them.  Well, Angelsoft Shoes are sold on the internet and the online shop is called Shoefie.  (Shoefie.co.za).  It was a very smooth operation and I was kept abreast of my order all the time.  Within a week of me ordering, my two pairs of sandals were delivered to my door here in Philippolis!  To say the least, I was thrilled to bits.  It might be an avenue to explore, especially for those of us who live in the sticks." - Louise Pelser, formerly with SAFLEC, now retired.

"Ah well, better early than never - or something like that." - My mother-in-law, who sent me birthday greetings at 1.30 in the morning, thinking she had missed the day. As it turned out, she was the first to wish me.

 

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

 

Exchange rates

Source: http://www.x-rates.com/calculator/

 
  Euro € GBP £ US $ Yuan Renminbi ¥
05/01/2019 R15.94 R17.79 R13.99 R2.03
12/01/2019 R15.86 R17.76 R13.83 R2.04
19/01/2019 R15.76 R17.85 R13.87 R2.04
26/01/2019 R15.52 R17.97 R13.60 R2.01
02/02/2019 R15.26 R17.42 R13.32 R1.97
09/02/2019 R15.46 R17.66 R13.65 R2.02
16/02/2019 R15.90 R18.15 R14.09 R2.08
23/02/2019 R15.90 R18.32 R14.04 R2.09
02/03/2019 R16.17 R18.77 R14.22 R2.12
09/03/2019 R16.22 R18.79 R14.43 R2.14
16/03/2019 R16.31 R19.15 R14.40 R2.14
25/03/2019 R16.31 R19.02 R14.42 R2.14
30/03/2019 R16.26 R18.90 R14.49 R2.15
06/04/2019 R15.80 R18.36 R14.09 R2.09
13/04/2019 R15.76 R18.24 R13.95 R2.08
20/04/2019 R15.86 R18.33 R14.10 R2.10
27/04/2019 R16.03 R18.56 R14.37 R2.13
04/05/2019 R16.08 R18.88 R14.34 R2.13
11/05/2019 R15.91 R18.40 R14.16 R2.07
18/05/2019 R16.09 R18.32 R14.41 R2.08
25/05/2019 R16.15 R18.32 R14.41 R2.08
01/06/2019 R16.28 R18.41 R14.57 R2.11
08/06/2019 R16.95 R19.03 R14.94 R2.16
15/06/2019 R16.61 R18.65 R14.81 R2.14
22/06/2019 R16.30 R18.24 R14.32 R2.08
29/06/2019 R16.01 R17.88 R14.08 R2.05
06/07/2019 R15.91 R17.74 R14.17 R2.05
13/07/2019 R15.75 R17.57 R13.97 R2.03
20/07/2019 R15.63 R17.42 R13.93 R2.02
27/07/2019 R15.91 R17.68 R14.29 R2.07
03/08/2019 R16.42 R17.97 R14.78 R2.13
10/08/2019 R17.08 R18.34 R15.25 R2.16
17/08/2019 R16.97 R18.58 R15.30 R2.17
26/08/2019 R17.00 R18.74 R15.27 R2.13
31/08/2019 R16.68 R18.46 R15.18 R2.12
07/09/2019 R16.32 R18.13 R14.79 R2.07
14/09/2019 R16.22 R18.16 R14.55 R2.05
21/09/2019 R16.44 R18.61 R14.92 R2.10
28/09/2019 R16.55 R18.61 R15.14 R2.12
05/10/2019 R16.52 R18.56 R15.04 R2.10
12/10/2019 R16.32 R18.68 R14.78 R2.08
19/10/2019 R16.52 R19.19 R14.78 R2.08
26/10/2019 R16.20 R18.74 R14.61 R2.06
04/11/2019 R16.54 R19.17 R14.82< R2.10
09/11/2019 R16.37 R18.98 R14.85< R2.12
16/11/2019 R16.26 R18.98 R14.71< R2.09
23/11/2019 R16.21 R18.88 R14.71< R2.09
Note: For previous rates, see HERE

 

 

 

ABSA Agri Trends 08/11: Hides & skins prices

Hides: The current average hide price is R1.64/skin, this is 2.2% higher than last week’s price of R1.61/skin. The current price is 5.9% lower than prices were a month ago and the current hide price is 60.5% lower than prices were a year ago. The hide market remains under immense pressure. Abundant supplies continue to weigh down the global and local market.- Conce Moraba, agricultural economist, Absa Group. NB* Hide prices are determined by the average of the RMAA (Red Meat Abattoir Association) and independent companies.

Hide & skin price progression
Date Hides/Kg Dorper/Skin Merino Skin
2018/01/05 11.17 38.33 87.00
2018/01/12 11.17 32.14 101.65
2018/01/19 10.86 36.11 91.50
2018/01/26 10.39 32.50 92.22
2018/02/02 10.17 33.13 91.27
2018/02/09 9.94 32.50 88.26
2018/02/16 9.60 32.86 89.97
2018/02/23 9.85 31.25 80.97
2018/03/02 9.66 32.22 89.56
2018/03/09 9.62 33.75 90.50
2018/03/16 9.56 32.22 87.63
2018/03/23 9.22 33.22 84.00
2018/03/30 8.86 36.67 82.50
2018/04/06 8.98 35.00 81.25
2018/04/13 8.40 35.13 86.00
2018/04/20 8.18 34.13 86.11
2018/04/27 7.89 33.33 83.13
2018/05/04 8.14 29.00 72.50
2018/05/11 7.71 30.50 82.22
2018/05/18 7.78 31.38 86.06
2018/05/25 7.74 30.71 95.89
2018/06/01 7.43 31.67 87.50
2018/06/08 7.67 32.11 87.40
2018/06/15 7.60 32.50 86.70
2018/06/22 7.13 32.78 86.50
2018/06/29 7.04 32.14 86.67
2018/07/06 7.07 35.83 91.78
2018/07/13 5.74 40.63 95.27
2018/07/20 5.85 40.56 96.83
2018/07/27 5.73 36.67 89.11
2018/08/03 5.32 34.44 87.10
2018/08/10 5.31 35.00 91.11
2018/08/17 5.34 36.00 91.00
2018/08/24 5.21 33.13 96.88
2018/08/31 4.61 35.45 95.18
2018/09/07 4.65 30.00 99.38
2018/09/14 5.08 34.50 93.91
2018/09/21 4.93 30.00 95.02
2018/09/28 5.13 37.30 95.56
2018/10/05 5.00 30.56 95.00
2018/10/12 4.95 31.25 92.87
2018/10/19 4.69 31.11 92.60
2018/10/26 4.82 31.67 85.90
2018/11/02 4.85 30.63 96.88
2018/11/09 4.33 31.11 97.00
2018/11/16 4.15 30.78 91.28
2018/11/23 3.93 30.56 95.00
2018/11/30 3.85 30.63 95.00
2018/12/07 3.82 30.71 92.50
2018/12/14 3.74 31.25 81.43
2018/12/21 3.89 32.00 91.00
2018/12/28 3.71 31.00 84.00
       
2019/01/04 3.71 33.00 96.69
2019/01/11 3.94 33.75 92.78
2019/01/18 3.00 31.11 81.67
2019/01/25 2.83 30.63 87.50
2019/02/01 2.53 33.75 79.61
2019/02/08 2.95 25.83 62.01
2019/02/15 2.45 31.88 49.21
2019/02/22 2.04 31.00 45.00
2019/03/01 1.72 28.33 45.00
2019/03/08 1.63 31.00 45.71
2019/03/15 1.60 32.00 54.03
2019/03/22 1.67 33.00 45.00
2019/03/29 1.53 32.50 38.64
2019/04/05 1.68 33.00 43.57
2019/04/12 1.79 32.50 40.82
2019/04/19 1.78 32.50 42.61
2019/04/26 1.82 33.00 44.29
2019/05/03 1.71 34.00 44.29
2019/05/10 1.72 36.67 45.64
2019/05/17 1.72 35.71 48.75
2019/05/24 1.74 32.50 41.90
2019/05/31 1.69 33.00 45.00
2019/06/07 1.69 25.83 38.57
2019/06/14 1.68 25.83 36.08
2019/06/21 1.68 25.83 36.08
2019/06/28 1.67 25.00 38.57
2019/07/05 1.70 24.00 38.57
2019/07/12 1.71 25.00 36.00
2019/07/19 1.71 25.83 36.33
2019/07/26 1.59 25.83 36.00
2019/08/02 1.58 28.75 41.67
2019/08/09 1.57 25.83 36.04
2019/08/16 1.54 24.00 35.96
2019/08/23 1.52 25.83 35.98
2019/08/30 1.51 25.83 36.37
2019/09/06 1.53 25.83 38.57
2019/09/13 1.78 25.83 38.57
2019/09/20 1.79 25.00 35.50
2019/09/27 1.78 23.33 39.29
2019/10/04 1.86 23.33 39.29
2019/10/11 2.09 23.33 39.29
2019/10/18 1.74 23.33 39.00
2019/10/25 1.65 23.33 38.19
2019/11/01 1.72 23.33 41.43
2019/11/08 1.61 21.67 42.86
2019/11/15 1.64 19.44 42.86
For previous prices, see HERE
 

  

25/11/1952: Elaine Botha, Velle Shoppe, Heidelberg.
25/11/1972: Fiona Dale, AFD Industries, Pretoria.
25/11/1977: Wayne Hockly, Sondor Industries, Cape Town.
26/11/19??: Ed Duthie, retired, formerly Bata Zimbabwe.
26/11/1967: Preggie Govender, Dynamic Engineering, Durban.
26/11/1974: Salman Jonas, Fred Footwear, Port Elizabeth.
27/11/1965: Gerda Rappard, Bolton Footwear, Great Brak River.
27/11/1975: Dione Govender, Paragon Footwear, Pietermaritzburg.
27/11/1977: Paul Diedricks, agent, Cape Town.
28/11/1940: Raphael Capelouto, retired, formerly Brazilian Sandal Co., and others, Cape Town.
28/11/1955: Tony Ford, left the industry, formerly Naturfit, Durban.
28/11/1960: Baba Sourimuthu, Robach Components, Pinetown.
29/11/1943: Nigel Ratcliffe, retired, formerly Boehme Africa and TST Agencies, Ballito.
29/11/1951: André Lubbe, retired, formerly AP Lubbe & Son, Stellenbosch.
29/11/1965: Maria Mintoor, All Leather Shoe Manufacturers, Maitland.
30/11/1933: Ahmed Simjee, Hopewell, Durban.
30/11/1963: Martin Paulsen,?, formerly NULAW, Durban.
30/11/1971: Mantsebo Motsoanakaba-Phakoana, Fashion Parlour, Ladybrand.
01/12/1946: Rob Cattell, Cattell’s Industrial Footwear, Springs.
01/12/1948: Ken Gordon, retired, formerly Turbek Trading, Hermanus.
01/12/1950: Aboobaker Gangat, May’s Factory Shop, Port Shepstone.
01/12/1959: Arthur Lewis, AGB Sourcing & Consulting, Pinetown.
01/12/1966: Grant N Munro, Freestyle Handmade Originals, Cape Town.

 

In Memoriam this week

29/11/2001: Harold Sack (b. 14/09/1932), Nugshoe [closed], Pinetown.
30/11/2017: Dimitar Todorov (b. 08/11/1947), Afromerino Produce (now African Merino Trading) and Tannery Industries Botswana (closed).
01/12/1998: Gian-Carlo Rosa (‘John’) Donati, Nupro Shoes [closed], Pinetown.

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.

 

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:
Black Tie, Pretoria, Gauteng, SA. Suit. Men's wedding specialist.
Blanc de Blanc Living, Paarl, W Cape, SA. Women's boutique.

 

Contact us

News & Classifieds: Tony Dickson, +27 (0)31 209 7505, tony@svmag.co.za

Next newsletter: December 2, 2019.

SAFLIA enquiries: Tel 0800SAFLIA * Email info@saflia.co.za * Website http://www.saflia.co.za

Should you wish to subscribe email tony@svmag.co.za
Our website www.svmag.co.za

 

 

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