S&V Weekly Newsletter Vol.10 No.31, July 29 2024
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Hotter to resume wholesale in SA
Cape Town, W. Cape, SA – English comfort footwear brand Hotter is restarting its wholesale operations in SA.
“We stopped our wholesale operations in Summer 2023 due to operational issues at Hotter UK which affected margins, making wholesaling impossible, and focused instead on our retail outlet and online shop,” said Hotter SA member Bruce Wilson last week.
“Hotter UK was eventually placed under administration and was subsequently bought by WoolOvers, a lifestyle retailer. We are now once again able to wholesale and are looking to expand our existing customer base especially in Gauteng, Durban and Bloemfontein. Hotter has been sold in SA for over 25 years through a network of independent retailers and attracts a very loyal customer base.”
‘Pre-election drop in demand still there’
Sergio Guerrera, Euro Industrials Pinetown, KZN, SA – In terms of commentary on business conditions…well what can I say? The year started off well with volumes considerably up from last year. Then we went into the April holidays and the wheels fell off. And they are still off!
The word on the street was that everybody had concerns about the elections at the end of May. Retailers were keeping stock on hand low…no one was committing until after the elections.
All I can say is that trading is tough – hopefully the 3rd and 4th quarters will pick up.
Hoka focuses on wholesale expansion as key retailers like Dick’s Sporting Goods and JD Sports add inventory
Footwear News, 26 July 2024 As Hoka continues its winning streak in the first quarter of fiscal 2025, Deckers Brands executives are laser focused on building its wholesale business. On the company’s first quarter earnings call on Thursday, Deckers Brands’ incoming president and chief executive officer Stefano Caroti dubbed fiscal 2025 “a year of wholesale growth” for Hoka, adding that the star running brand is seeing an expansion of both shelf space and new doors within the segment this year.
Caroti also noted on Thursday that some of the retailers expanding Hoka distribution are Dick’s Sporting Goods, Foot Locker, Intersport in Europe, Top Sport in China, Sport Chek in Canada and JD Sports in the U.S., Europe and Asia.
They Said It
"Business is going great thank you – perhaps not so much on the footwear side, there was a good reason why the dinosaurs got wiped out eh?" - Ridhwana Shaik of Green Start Ideas, who offers consultancy services covering brand development, circular economy consulting, freelance design, and life cycle assessment.
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
New subscribers last week
Trevor Mkhize, School shoe brand manager, Bata, Durban, South Africa
Birthdays this week
29/07/1962: Graydon Cock, emigrated, formerly Eddels, Bata SA and Puma SA.
29/07/1965: Ashley Pillay, National Bargaining Council, Durban, KZN, SA.
30/07/1959: Alan Munsamy, Nulaw, Durban, KZN, SA.
30/07/1949: Gerald Batt, retired, Cape Town, W. Cape, SA.
30/07/1973: Frankie Sequeira, Novel’s Outfitters & Shoe Store, De Aar, N. Cape, SA.
31/07/1940: David Berry, retired, formerly Rockshoes [closed], Pinetown, KZN, SA.
31/07/1969: Mark Dicks, emigrated, formerly Prime Leathers, Pinetown, KZN, SA.
01/08/1935: Bev Jack, retired, formerly Bata Zimbabwe and LAIFEZ, Harare, Zimbabwe.
02/08/1954: Brian Haarburger, MD, Paris Belts, Johannesburg, Gauteng, SA.
02/08/1946: Burt Coburn, ?, Cape Town, W. Cape, SA.
02/08/1971: JJ du Plessis, Strassbergers, Clanwilliam, W. Cape, SA.
02/08/1991: Samantha du Plessis, Chillisource, Durban, KZN, SA.
03/08/1941: Rolf Haesloop, retired, formerly Haesloop Agencies, Pinetown, KZN, SA.
03/08/1972: Fazel Allie, Arma Trading, Botswana.
03/08/1928: Gerry Elder, retired, Cape Town, W. Cape, SA.
In memoriam this week
29/07/1993: JA "Pat" O'Brien, agent, Cape Town, W. Cape, SA.
29/07/2003: Dennis South, (b. 26/12/1923), Cuthberts [closed], Johannesburg, Gauteng, SA.
29/07/2010: Eric Harvey (b. 09/02/1925), Barker Footwear [now Bolton Footwear], Cape Town, W. Cape, SA.
31/07/2022: Graeme Katz (b. 05/02/1969), Treets Footwear [closed], Katz Footwear, Johannesburg, Gauteng, SA.
01/08/2023: Michelle Di Lembo (b. 17/08/1939), Villani Shoes [closed], Johannesburg, Gauteng, SA.
02/08/2022: David Tosh (b. 13/02/1954), Shoe Corporation, La Nuova, Adorable and Bona Shoes (all closed) in Durban, KZN, SA and Harrismith, Free State, SA, and Rockport, Lisbon, Portugal. Died in Glasgow, Scotland.
03/08/1999: Otto Guldimann (b. 2/10/1922), Cellini [closed], Cape Town, W. Cape, SA.
03/08/1992: Malcolm Kueghn, Hi-Tec Sports, Johannesburg, Gauteng, SA.
03/08/2007: Noel Amery (b. 05/09/1944), Western Tanning and Michelle Footwear, Durban, Clarens Leather [closed], Clarens, Free State, SA.
04/08/2006: Peter Gibbings (b. 31/01/1922), Apeco [closed], Port Elizabeth, E. 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.
Directory entries updated last week
Bella Biance cc, Durban, KZN, SA.
Brando Leather Goods (Pty) Ltd, Durban, KZN, SA.
Frank Tonks Design, Cape Town, W. Cape, SA.
Green Start Ideas, Johannesburg, Gauteng, SA.
Innovative PVC Compounds, Durban, KZN, SA.
Naiken Quality Solutions, Cape Town, W. Cape, SA.
Oden Creative Works (Pty) Ltd, Cape Town, W. Cape, SA.
Vandan Engineering Services KZN (Pty) Ltd, Pinetown, KZN, SA.
Exchange rates
Note: For previous rates, see HERE
1. SA Rand (ZAR)/Lesotho Loti (LSL)/Namibian Dollar (NAD)/Swazi Lilangeni (SZL)
Source: http://www.x-rates.com/calculator/
| |
Euro € |
GBP £ |
US $ |
CNY ¥ |
| 01/06/2024 |
R20.41 |
R23.96 |
R18.81 |
R2.59 |
| 08/06/2024 |
R20.40 |
R24.02 |
R18.87 |
R2.60 |
| 18/06/2024 |
R19.47 |
R23.03 |
R18.16 |
R2.50 |
| 23/06/2024 |
R19.22 |
R22.74 |
R17.97 |
R2.47 |
| 29/06/2024 |
R19.44 |
R22.95 |
R18.14 |
R2.49 |
| 07/07/2024 |
R19.74 |
R23.35 |
R18.23 |
R2.50 |
| 13/07/2024 |
R19.60 |
R23.32 |
R17.96 |
R2.47 |
| 20/07/2024 |
R19.89 |
R23.61 |
R18.27 |
R2.51 |
| 27/07/2024 |
R19.88 |
R23.55 |
R18.29 |
R2.52 |
2. Botswana Pula
Source: https://www.xe.com/currencyconverter/
| |
Euro € |
GBP £ |
US $ |
CNY ¥ |
| 01/06/2024 |
14.74 |
17.31 |
13.59 |
1.87 |
| 08/06/2024 |
14.82 |
17.45 |
13.71 |
1.89 |
| 18/06/2024 |
14.52 |
17.18 |
13.55 |
1.86 |
| 23/06/2024 |
14.45 |
17.11 |
13.52 |
1.86 |
| 29/06/2024 |
14.53 |
17.15 |
13.56 |
1.86 |
| 07/07/2024 |
14.76 |
17.46 |
13.63 |
1.87 |
| 13/07/2024 |
14.70 |
17.49 |
13.47 |
1.85 |
| 20/07/2024 |
14.71 |
17.46 |
13.51 |
1.85 |
| 27/07/2024 |
14.80 |
17.53 |
13.62 |
1.87 |
3. Malawian Kwacha (MWK) (buying)
Source: https://www.rbm.mw/
| |
Euro € |
GBP £ |
US $ |
ZAR |
| 01/06/2024 |
1912.34 |
2247.95 |
1716.73 |
94.10 |
| 08/06/2024 |
1925.25 |
2260.15 |
1716.73 |
93.44 |
| 18/06/2024 |
1897.13 |
2244.77 |
1716.73 |
96.93 |
| 23/06/2024 |
1895.01 |
2239.46 |
1716.73 |
98.39 |
| 29/06/2024 |
1890.06 |
2233.45 |
1716.73 |
95.73 |
| 07/07/2024 |
1913.40 |
2258.56 |
1716.73 |
97.10 |
| 13/07/2024 |
1921.86 |
2283.53 |
1717.02 |
98.27 |
| 20/07/2024 |
1924.69 |
2286.18 |
1717.02 |
96.71 |
| 27/07/2024 |
1919.74 |
2273.98 |
1717.02 |
96.61 |
4. Zambian Kwacha (ZMW) (buying)
Source: https://www.boz.zm/
| |
Euro € |
GBP £ |
US $ |
ZAR |
| 01/06/2024 |
28.45 |
33.32 |
26.17 |
1.39 |
| 08/06/2024 |
28.55 |
33.57 |
26.36 |
1.39 |
| 18/06/2024 |
27.73 |
32.80 |
25.90 |
1.41 |
| 23/06/2024 |
27.36 |
32.36 |
25.58 |
1.42 |
| 29/06/2024 |
26.42 |
31.22 |
24.69 |
1.35 |
| 07/07/2024 |
26.47 |
31.31 |
24.45 |
1.34 |
| 13/07/2024 |
27.85 |
33.17 |
25.57 |
1.42 |
| 20/07/2024 |
27.89 |
33.09 |
25.61 |
1.39 |
| 27/07/2024 |
28.37 |
33.61 |
26.12 |
1.43 |
5. Zimbabwe Dollar (ZWL$) (average) / Zimbabwe Gold (ZiG)
Source: Source: https://www.rbz.co.zw/
| |
Euro € |
GBP £ |
US$ |
ZAR |
| 01/06/2024 |
ZIG 14.40 |
ZIG 16.94 |
ZIG 13.31 |
ZIG 1.41 |
| 08/06/2024 |
NA |
NA |
NA |
NA |
| 18/06/2024 |
ZIG 14.45 |
ZIG 17.12 |
ZIG 13.48 |
ZIG 1.35 |
| 23/06/2024 |
ZIG 14.54 |
ZIG 17.21 |
ZIG 13.59 |
ZIG 1.32 |
| 29/06/2024 |
ZIG 14.64 |
ZIG 17.30 |
ZIG 13.70 |
ZIG 1.34 |
| 07/07/2024 |
ZIG 14.81 |
ZIG 17.48 |
ZIG 13.69 |
ZIG 1.33 |
| 13/07/2024 |
NA |
NA |
NA |
NA |
| 20/07/2024 |
ZIG 14.93 |
ZIG 17.74 |
ZIG 13.71 |
ZIG 1.33 |
| 27/07/2024 |
ZIG 14.96 |
ZIG 17.72 |
ZIG 13.78 |
ZIG 1.32 |
Note: For previous rates, see HERE
ABSA Agri Trends: Hides & skins prices
Johannesburg, Gauteng, SA (25 July 2024) - The average hide price increased by 0.83% to 2.787/kg from R2.764/kg a week ago. The current price is 13.29% lower than the average price a month ago and 18.0% lower than the average price a year ago. The range of prices reported was as follows: Minimum price: R2.75 Maximum price: R3.00. Price movements will be highly influenced by developments in the status of our animal diseases. Please note: 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, and Zama Sangweni, agricultural economist, Absa group.
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:
T.I.S. Boutique, Kroonstad, Free State, SA. Women’s apparel retailer.
Tabita Fashions, Cape Town, W. Cape, SA. Women’s apparel retailer.
THIS WEEK LAST YEAR!
Chamberlain Phipps were expecting improved trading towards year end.
Bolton Footwear sales were on par with previous year.
Online had shown growth for Sole Base.
Richemont bought top Italian shoe factory Gianvito Rossi.
READ IT HERE - S&V WEEKLY NEWSLETTER VOL.9 NO.31, JULY 31 2023
THIS WEEK FIVE YEARS AGO!!
Comment from 5 retailers was mostly bad for the week but better for the month overall.
Green Cross had hurt AVI results.
Morné Gerber joined Leather From Hart from The Little Slipper Company.
For Ashley Pillay, PA to the General Secretary, the year marked 30 years service with the NBC.
READ IT HERE - S&V WEEKLY NEWSLETTER VOL.5 NO.30, JULY 29, 2019
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News & Classifieds: Tony Dickson, +27 (0)31 209 7505, tony@svmag.co.za
Next newsletter: August 5, 2024. Ad and editorial deadline Friday 2 August.
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