S&V Weekly Newsletter Vol.6 No.08, February 24, 2020
This Newsletter is sponsored by SAFLIA
Please note: Click on any ad to go to the advertiser’s website
Retail so far this year
"December was pretty flat. January improved slightly as a percentage of growth, and February is trading up quite nicely on comparative stores. That's despite load shedding. South Africans are a pretty resilient lot, so maybe they're getting used to it. We opened 5 new stores last year, including in the Western and Eastern Cape, so we now have a national footprint, and we'll open a few more this year, in Gauteng, Mpumalanga, and the Western and Eastern Cape. There are opportunities if you pay attention and filter out the noise. There are still sales, and the problems being experienced by some of the bigger chains are probably helping smaller retailers to fill up these little gaps." - Kim Cunniffe, MD, Kingsmead Shoes, Durban, KZN, SA. National chain, family footwear.
They Said It
"In those days it was only cold showers. I've just been to a reunion, now it's hot showers and much better food." - Eastern Cape agent and Kingswood College, Grahamstown, old boy Donald Smale. So it wasn't always better in the old days...
"How can we get the message to China and the Far East that rhinos are also distributing the corona virus. Wouldn't that be wonderful if we could?" - Fred de Lange, Central Suppliers, Port Elizabeth. Absolutely. And abalone, tiger bones and shark fins.
Durban, KZN, SA – There have been several changes to SAFLIA's management committee (Mancom).
Durban, KZN, SA – Crouch Footwear KZN agent Charlie White retires at the end of February.
Woolworths Holdings Ltd
Extracts from the unaudited interim group results for the 26 weeks ended December 29, 2019
Cape Town, W Cape, SA (February 20, 2020) - Revenue for the year was 1.2% higher to R11.0 billion (R10.9 billion) whilst gross profit increased by 1.4% to R5.4 billion (R5.3 billion). Trading profit lowered by 3.2% to R1.75 billion (R1.81 billion). Profit attributable to equity holders decreased to R1.5 billion (R1.6 billion). In addition, headline earnings per share went up 0.5% to 364.9 cents per share (363.2 cents per share).
The 2020 S&V Directory - Order now
The 2020 edition of the S&V Directory is in production and will be available soon. The online version is available immediately at R450 for 12 months' access.
2020 Trade Fairs Another essential service from S&V
Please note that we have updated most 2020 trade fairs and conferences on our website, linked to their websites: http://www.svmag.co.za/events
ABSA Agri Trends: Hides & skins prices
Hide prices (February 19, 2020) - The current average hide price remains at R1.36/kg, compared to a week ago. The current price however, is 0.9% higher than prices were a month ago and is 44.4% lower than prices were a year ago. The local and global hide market remains under pressure, especially with the spreading of the coronavirus impacting manufacturing operations in China. - Conce Moraba, agricultural economist, Absa group.
24/02/1954: Linda Gordon, Riversdalse Skoenwinkel, Riversdal.
In Memoriam this week
27/02/2010: Jean Mee ‘Mick’ Lailvaux (b. 22/02/1919), Service Agencies (closed), Durban.
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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, email@example.com
Next newsletter: March 2, 2020.