Publisher of leading trade magazines for the Footwear, Leather-goods, Leather & PPE industries
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S&V Weekly Newsletter Vol.7 No.47, November 22 2021

Click here to view newsletter online

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

 

 

Black Friday - good or bad?

On Friday, we asked around 40 retailers 3 questions about Black Friday. 6 replied in time.

- What you're planning for Black Friday.
- Whether you expect Black Friday to be good for your business.
- Whether you think it will adversely affect December trading.

 

Stock a bigger problem for December

Rocco Kruger, Brands Koffiefontein
Koffiefontein, Free State, SA – Yes we have Black Friday specials.
      Black Friday draws a few extra feet, but people tend to buy more electronic goods than clothing.
        December trade is normally very good and Black Friday does not affect our trade. This year, stock is a bigger problem than Black Friday.

 

A bit of a non-event

Steve Wilken, Behr's Shoes
East London, E. Cape, SA – If last year is anything to go by, then I don’t expect it to have a major impact on sales. I am offering a 20% discount on certain lines for 1 week. Personally, I think that Black Friday is detrimental for retail in December and might only benefit the larger corporations. 

 

 

Not for us, thanks

Greg Bing, A.P. Jones
Cape Town, W. Cape, SA – This will be the second year in a row that we have not got involved in Black Friday. We punt the fact that you get a good deal from A.P. Jones everyday and that you can avoid the hustle and bustle by visiting us on a day where there is no chaos.
      Prior to this, about four years back, we bought in some black tees, golfers and socks and gave them away at "next-to-nothing" prices. It cost us more in advertising than anything else. We then tried giving 20% off anything with black in it, which proved even more costly. We then gave a 20% discount on all items for the one day. Naturally, this worked. However, we did not trade for the four days in the build-up to and the next few days after Black Friday. The loss outweighed the gain over a period of time.
      No, it will not be good for anyone's business. One thousand times nought is still nought. The only good comes from those who choose to avoid the pushing and shoving of the guys who work their butts off for no gain.
      History over the past five years proves that the (non) event has had an adverse effect on December trade.
      The major chains are all too scared to take a stand and will have a feeling of 'FOMO'* if they are not involved. Therefore , like sheep , they all follow each other down a profitless alley.

*FOMO - Fear of missing out.

 

We take part, but...

Naseem Essack, Brandz
Port Shepstone, KZN, SA – Markdown on selected categories of overstocked and slow selling product.
      The lead up to Black Friday is very quiet, also has an adverse impact on margins. 
      Yes it does [have an effect on December trading].

 

Consumers are budgeting for it

Chiman Harjeven, Knight's Shoes/City Fashions/Mr Man
Grahamstown, E. Cape, SA – We have allocated areas in our stores with big specials for Black Friday and following into Saturday.
      There is a lot of interest.
      The awareness of the Black Friday concept is growing and customers appear to be budgeting for it. Yes, I think it will be good for business.
      Probably will marginally affect December sales but they are totally different.

 

It's ruined festive season trading

Sue Ellen Branco, Castelo Shoes
Johannesburg, Gauteng, SA – My personal opinion is that Black Friday has completely ruined retail festive season trading.
        Now no-one buys in November as they wait for Black Friday, and then once they have bought they don’t need to buy for December.
        So we don’t experience the exciting Christmas rush we used to have in the past.

 

 

Logistics

GACB: 'Trying our best' to get enough stock

By Gavin Abro, GA Creative Brands
Johannesburg, Gauteng, SA – The industry has  been  experiencing  delivery challenges the past few months and it will definitely continue in the first half of 2022. At GA Creative Brands we are trying our best to get enough goods in to deal with customer demands. We hope all runs smoothly with manufacturing and shipping over the coming few months.
      Unfortunately the past 20 months have been exceptionally challenging worldwide. At GACB we have been affected by all mentioned above and are trying our best to keep all our customers well stocked and happy.
      We are looking at  sourcing locally but to date have not been successful.

 

Stock Exchange News Service (SENS)

Woolworths - trading update and trading statement

For the full report, click here
Cape Town, W. Cape, SA (17 November 2021) – Group turnover and concession sales for the 20 weeks ended 14 November 2021 decreased by 4.5%, compared to the 20 weeks ended 15 November 2020, and by 2.1% in constant currency terms. Online sales grew by 26.4%, contributing 14.7% to the Group’s total turnover and concession sales for the period.
      Trade during the current period has been severely impacted by the extended lockdowns in Australia, where we have been unable to trade in the majority of our stores. In South Africa, our business operations were disrupted by a number of factors, including the civil unrest and rioting in KZN and parts of Gauteng in July. As a consequence, the trading results for the current period are not directly comparable to that of the prior period.

 

Trade Fairs

ISPO shifts dates from January to November 'permanently'

Munich, Germany – Messe München announced last Monday that it was permanently moving its ISPO Munich January edition to the end of November. The 2022 dates will be 28-30 November.
      Its sister fair, Outdoor by ISPO, also in Munich, will move from the end of June "to the end of May/beginning of June", although next year's dates are 12-14 June.
      The reason given for these "groundbreaking decisions" is "due to the far-reaching market changes of recent years. Industry and retail are facing major shifts in the global supply chain, which also caused changes to order cycles. Scheduling ISPO Munich in January or February, as was previously the case, is therefore too late for many industry participants. The permanently brought-forward date for OutDoor by ISPO also works much better with the new order cycles."
      Both fairs have been shortened to 3 days, and the maximum size of stands has been reduced - to 200 m² for ISPO Munich and 150 m² for ISPO Outdoor.
      Given the long lead times of global brands, this relatively last-minute announcement suggests that a) bookings for the January edition were poor, b) the organisers expect China to be the main source of product for the foreseeable future, and c) that current supply bottlenecks will continue, also for the foreseeable future.
      For the full report, click here.

 

They Said It

"Still remember my birth names as they are on my ID. Not even my family call me by those names." - Retired Cape Town, W. Cape, SA agent 'Carrots' Doyle. And now, S&V Newsletter can reveal that Carrots' real names are Cecele Therese.

"It is  amazing what ends up on one’s computer, but please note that I carry on being a happy pensioner and have no desire to produce boots for the army." - Dieter Zettler, retired former director of Durban, KZN, SA-based PMC on receiving an email from the 'Department of Defence', requesting a quote for 250 pairs of military boots. It looked legit to him - and me - but Shamith Boodhoo of Dick Whittington Shoes, Pietermaritzburg, KZN, SA, which has made all army boots - and most other government tender footwear - for years, confirmed it was a scam. He said Dick Whittington was aware of a military helmets supplier which was taken in by a similar email. "They were 'awarded' the tender, they delivered the goods to a warehouse, waited 30 days for the promised payment - and nothing." Somewhere out there is a sophisticated scammer who cons manufacturers out of goods rather than money. So, retailers and resellers, beware of people offering you PPE and uniforms of unconfirmed origin.

 

Got anything you'd like to share?

Do you have any suggestions, comments or experiences about the industry that you'd like to share with the industry? - tony@svmag.co.za

 

23/11/1938: David Wilson, retired, resident in George, formerly Barker Footwear, Cape Town, W. Cape, SA.
23/11/1959: Bernice Kalakazinos, Toffee Clothing, St Francis Bay, E. Cape, SA.
23/11/1966: Cornelio M Sunduza, Dadu Leathers Zimbabwe.
23/11/1970: Premilla Govender, Dynamic Engineering, Durban, KZN, SA.
23/11/1987: Phelokazi Gxaba, Mr Price, Durban, KZN, SA.
24/11/1955: Surie Mistry,  Super Star Fashions, Vereeniging, Gauteng, SA.
25/11/1952: Elaine Botha, Velle Shoppe, Heidelberg, Gauteng, SA.
25/11/1972: Fiona Dale, AFD Industries, Pretoria, Gauteng, SA.
25/11/1977: Wayne Hockly, Sondor Industries, Cape Town, W. Cape, SA.
26/11/19??: Ed Duthie, retired, formerly Bata Zimbabwe.
26/11/1953: Gerry du Toit, Kimberley, N. Cape, SA, formerly EVA Components, Durban, KZN.
26/11/1967: Preggie Govender, Dynamic Engineering, Durban, KZN, SA.
26/11/1972: Brenda Kriel, Vellie Boutique, Boksburg, Gauteng, SA.
26/11/1974: Salman Jonas, Fred Footwear, Port Elizabeth, E. Cape, SA.
27/11/1965: Gerda Rappard, Bolton Footwear, Great Brak River, W. Cape, SA.
27/11/1975: Dione Govender, Paragon Footwear, Pietermaritzburg, KZN, SA.
27/11/1977: Paul Diedricks, agent, Cape Town, W. Cape, SA.
28/11/1940: Raphael Capelouto, retired, formerly Brazilian Sandal Co., and others, Cape Town, W. Cape, SA.
28/11/1955: Tony Ford, left the industry, formerly Naturfit, Durban, KZN, SA.
28/11/1960: Baba Sourimuthu, Robach Components, Pinetown, KZN, SA.

 

In Memoriam this week

22/11/1992: Jimmy Shankland, Angels Shoes [closed], Cape Town, W. Cape, SA.
22/11/1994: Chris Claassen, Futura Footwear, Pinetown, KZN, SA.
23/11/2018: Peter Shiffer (b. 17/10/1949), Flexmor [closed], Cape Town, W. Cape, SA.

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.

 

 

 

Calendar updates this week

ISPO Munich 2022 moved from January to 28-30 November 2022.

 

 

Directory updates this week

1721 Distributors, Johannesburg, Gauteng, SA.
A&L Engravers & Die Sinkers, Cape Town, W. Cape, SA.
A. Greenaways (Cape Town), W. Cape, SA.
A. Greenaways (Natal), Durban, KZN, SA.
FSP Collection, Cape Town, W. Cape, SA.
Hotter Comfort Concept SA, Cape Town, W. Cape, SA.
ProFit Safety Footwear, Kempton Park, Gauteng, SA.

 

New subscribers this week

Te Fraai Diena, Upington, N. Cape, SA.
Gabby, Marketing coordinator, shoes and clothing, Crick Group , Johannesburg , Gauteng, SA.

 

Exchange rates

1. SA Rand (ZAR)/Lesotho Loti (LSL)/Namibian Dollar (NAD)/Swazi Lilangeni (SZL)

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

 
  Euro € GBP £ US $ CNY ¥
2021/11/01 R17.75 R20.98 R15.34 R2.39
2021/11/07 R17.40 R20.33 R15.05 R2.35
2021/11/14 R17.54 R20.56 R15.33 R2.40
2021/11/21 R17.76 R21.17 R15.74 R2.46

Note: For previous rates, see HERE

 


2. Botswana Pula (BWP)

Source: https://www.xe.com/currencyconverter/

 
  Euro € GBP £ US $ CNY ¥
2021/11/01 13.07 15.45 11.30 1.76
2021/11/07 13.23 15.45 11.44 1.78
2021/11/14 12.97 15.21 11.33 1.77
2021/11/21 13.11 15.62 11.62 1.82


3. Malawian Kwacha (MWK)

Source: https://www.xe.com/currencyconverter/

 
  Euro € GBP £ US $ CNY ¥
2021/11/01 947.11 1119.32 818.60 127.88
2021/11/07 944.69 1103.68 817.48 127.75
2021/11/14 935.64 1096.78 817.62 128.17
2021/11/21 923.23 1100.15 818.32 128.12


4. Zambian Kwacha (ZMW)

Source: https://www.xe.com/currencyconverter/

 
  Euro € GBP £ US $ CNY ¥
2021/11/01 20.13 23.80 17.40 2.71
2021/11/07 20.18 23.58 17.47 2.73
2021/11/14 20.09 23.55 17.55 2.75
2021/11/21 19.96 23.79 17.69 2.77



5. Zimbabwean Dollar (ZWL$)

Source: https://www.xe.com/currencyconverter/

 
  Euro € GBP £ CNY ¥ Official US$
2021/11/01 418.66 494.71 56.54 97.13
2021/11/07 418.21 488.59 56.55 98.98
2021/11/14 414.14 485.46 56.73 99.93
2021/11/21 408.29 486.53 56.66 Not available

 

 

 

 

ABSA Agri Trends: Hides & skins prices

Johannesburg, Gauteng, SA (18 November 2021) - The current average hide price decreased by 0.14% to R4.63/kg from R4.64kg a week ago. The current price is 18.4% lower than the average price a month ago and is 72% higher than the average price a year ago. The range of prices reported was as follows: Minimum price: R4.30 Maximum price: R5.80. Please note, we have changed our methodology and price levels are not directly comparable to previous prices that we reported on. Our methodology weighs the prices we collect according to the number of hides they sell in a month. This is done to make it more representative of the prevailing market price. NB* Hide prices are determined by the average of the RMAA (Red Meat Abattoir Association) and independent companies. - Marlene Louw, senior agricultural economist, and Nkhensani Mashimbyi, agricultural economist, Absa group.

Hide & skin price progression
Date Hides/Kg Dorper/Skin Merino Skin
2020/11/06 2.36 26.00 44.00
2020/11/13 2.38 23.59 40.00
2020/11/20 2.69 35.00 50.00
2020/11/27 3.08 36.00 49.00
2020/12/04 3.65 34.03 49.00
2020/12/11 3.68 33.21 50.83
2020/12/18 3.93 32.59 51.67
2021/12/25 4.08 34.39 51.67
2021/01/01 3.93 34.03 54.00
2021/01/08 3.88 31.43 46.43
2021/01/15 4.03 31.43 46.43
2021/01/22 4.16 30.00 47.00
2021/01/29 4.04 33.05 50.83
2021/02/05 3.86 31.41 45.71
2021/02/12 4.33 35.46 45.83
2021/02/19 4.29 34.49 50.00
2021/02/26 4.94 34.70 47.50
2021/03/05 5.67 38.33 51.67
2021/03/12 4.80 42.50 59.17
2021/03/19 4.99 35.74 52.86
2021/03/26 6.33 35.16 55.00
2021/04/02 6.50 31.83 49.00
2021/04/16 8.98 37.44 50.00
2021/04/22 8.37    
2021/04/29 8.98 40.96 62.00
2021/05/06 7.56 40.96 62.00
2021/05/24 7.82 40.83 61.67
2021/05/28 7.47    
2021/06/14 8.34 40.83 61.67
2021/06/24 8.31    
2021/07/02 8.25 42.21 66.00
2021/07/09 9.53 46.39 64.00
2021/07/16 8.17 39.00 61.00
2021/07/23 8.44 43.33 67.50
2021/07/30 7.57 39.00 61.00
2021/08/06 9.60 39.63 64.00
2021/08/12 9.93    
2021/08/23   41.40 64.00
2021/09/09 9.78    
2021/09/16 8.96    
2021/09/23 8.89    
2021/09/29 6.40 39.60 65.00
2021/10/07 6.27    
2021/10/11 5.68 41.00 64.00
2021/10/21 5.34 45.00 64.00
2021/10/28 5.11    
2021/11/04 4.67    
2021/11/11 4.64    
2021/11/18 4.63    
Note: For previous prices, see HERE
 

  

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:
FTS Safety, Durban, KZN, SA. PPE distributor.
Fubu SA, Pretoria, Gauteng, SA. Branded distributor.

 

Contact us

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

Next newsletter: November 29, 2021.

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

Our website www.svmag.co.za

 

 

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