US: Levi Strauss Q2 profit slumps 37%
By Leonie Barrie | 11 July 2012
Jeans giant Levi Strauss & Co has seen its second quarter profit slump 37% after being hit by falling revenues in Asia and Europe and higher cotton costs.
Join now for increased access
There are various access options to choose from. All provide instant access to the latest news, insight and expert analysis.
If you're already a member, login here.
More articles related to this one
US: Levi Strauss to phase out hazardous chemicals
Levi Strauss, the world's largest jeans manufacturer, has pledged to phase out hazardous chemicals from its supply chain by 2020, following pressure from environmental group Greenpeace.
2012: A year in review - Sourcing winners and losers
Textile-making countries came up against a range of labour, economic and environmental issues in 2012, including the worsening Eurozone crisis which dampened demand in key export markets. While some struggled to cope, others became increasingly competitive as exports rose.
2012: A year in review - Manufacturing winners and losers
Weak consumer spending, difficulties in securing credit, competition from China and the Far East resulted in factory closures and subsequent layoffs in 2012. But ramping up labour and sustainability standards, eco-friendly production technologies, cost cutting and efficiency improvements saved others from significant losses.
Market research related to this article
This report analyzes the worldwide market for Denim Jeans in US$ Million and Million Units....