Levi Strauss sees profits plummet - DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate

**ebBPxIai** · 10-09-2009, 07:25 AM

Levi Strauss sees profits plummet

Levi's store in Bangalore
New store openings and promotions boosted sales in India

Jeans maker Levi Strauss has reported a 41% drop in profits after seeing lower sales and currency fluctuations.

The San Francisco-based firm saw its net income for the third quarter fall to $41m (£25m) from $69m a year ago.

Revenue dropped 6% to $1.04bn, with sales falling in both its US home market and in Europe.

However, sales in the Asia Pacific region rose 2%, helped by increased product promotions and store expansion in India and China, the company said.

"It was a productive quarter in light of the tough market conditions worldwide," said president and chief executive John Anderson.

Levi Strauss is a privately held company but releases its financial results as some of its bonds are publicly traded.

**Dyerryjex** · 10-09-2009, 08:55 AM

Actually when they offer $50 exchange for an old jeans and 2 for $199 promotions few months ago, I told my friends that Levis is losing money, I'm correct after all, LOL

**ebBPxIai** · 10-09-2009, 09:02 AM

Observations are always good !

**VawSwaspamups** · 10-11-2009, 01:24 PM

Thats real nice one bro alamaking!

**quedry36** · 10-12-2009, 09:56 AM

not surprising as consumer spending dips, these companies revenue would dip correspondingly.

and as they usually have high overheads in terms of rental n salaried workers, it would be a two pong attack on profits.

less sales, overheads same or higher = lesser profit.

how many levis strauss jeans would anyone need?

**banditorfv** · 10-12-2009, 11:08 AM

it fits my mind ...
n it fits my soul ...
n it fits my generation ...
it makes livin a laff ...
n lovin a life ...
n walkin a celebration ...
i'm standing up ... callin 2 b counted ... wokin proud in my levi's ...
levi's got me walkin proud ... i'm walkin proud in my levi's ...
i've arrived ... i'm alive ... i'm walkin proud in my levi's ...

any1 remember ze above jingle? ...

me bot oni 1 pair of levi jeans so far ...

**Qncvqpgfg** · 10-12-2009, 02:39 PM

Levi jeans are "low class" in the United States.. how to make money for Levi Strauss

Even, the Dockers brand is a so so brand. Face stiff challenges from many house brands..

10-09-2009, 07:25 AM	#1
ebBPxIai Join Date Oct 2005 Posts 406 Senior Member	Levi Strauss sees profits plummet Levi Strauss sees profits plummet Levi's store in Bangalore New store openings and promotions boosted sales in India Jeans maker Levi Strauss has reported a 41% drop in profits after seeing lower sales and currency fluctuations. The San Francisco-based firm saw its net income for the third quarter fall to $41m (£25m) from $69m a year ago. Revenue dropped 6% to $1.04bn, with sales falling in both its US home market and in Europe. However, sales in the Asia Pacific region rose 2%, helped by increased product promotions and store expansion in India and China, the company said. "It was a productive quarter in light of the tough market conditions worldwide," said president and chief executive John Anderson. Levi Strauss is a privately held company but releases its financial results as some of its bonds are publicly traded. Share Share this post on Digg Del.icio.us Technorati Twitter
	Quote

10-09-2009, 08:55 AM	#2
Dyerryjex Join Date Oct 2005 Posts 727 Senior Member	Actually when they offer $50 exchange for an old jeans and 2 for $199 promotions few months ago, I told my friends that Levis is losing money, I'm correct after all, LOL Share Share this post on Digg Del.icio.us Technorati Twitter
	Quote

10-09-2009, 09:02 AM	#3
ebBPxIai Join Date Oct 2005 Posts 406 Senior Member	Observations are always good ! Share Share this post on Digg Del.icio.us Technorati Twitter
	Quote

10-11-2009, 01:24 PM	#4
VawSwaspamups Join Date Oct 2005 Posts 487 Senior Member	Thats real nice one bro alamaking! Share Share this post on Digg Del.icio.us Technorati Twitter
	Quote

10-12-2009, 09:56 AM	#5
quedry36 Join Date Oct 2005 Posts 427 Senior Member	not surprising as consumer spending dips, these companies revenue would dip correspondingly. and as they usually have high overheads in terms of rental n salaried workers, it would be a two pong attack on profits. less sales, overheads same or higher = lesser profit. how many levis strauss jeans would anyone need? Share Share this post on Digg Del.icio.us Technorati Twitter
	Quote

10-12-2009, 11:08 AM	#6
banditorfv Join Date Oct 2005 Posts 540 Senior Member	it fits my mind ... n it fits my soul ... n it fits my generation ... it makes livin a laff ... n lovin a life ... n walkin a celebration ... i'm standing up ... callin 2 b counted ... wokin proud in my levi's ... levi's got me walkin proud ... i'm walkin proud in my levi's ... i've arrived ... i'm alive ... i'm walkin proud in my levi's ... any1 remember ze above jingle? ... me bot oni 1 pair of levi jeans so far ... Share Share this post on Digg Del.icio.us Technorati Twitter
	Quote

10-12-2009, 02:39 PM	#7
Qncvqpgfg Join Date Oct 2005 Posts 373 Senior Member	Levi jeans are "low class" in the United States.. how to make money for Levi Strauss Even, the Dockers brand is a so so brand. Face stiff challenges from many house brands.. Share Share this post on Digg Del.icio.us Technorati Twitter
	Quote

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