Blog: Leonie BarrieSignature write-off

Leonie Barrie | 19 September 2006

Fierce competition in the European ‘value’ market, where retailers have perfected the art of cheap private label or exclusive brand lines, has finally defeated Levi Strauss which is to pull its low cost Signature line from European supermarkets. Levi’s diminishing cachet in Europe led to a 17% drop in first half sales here to $196.5m from $237m the year before, so this latest decision is a heavy blow to the US jeans maker which is in the midst of a long struggle to turn round profits and revenues.

When the Signature line was launched in 2004, Levi Strauss had high hopes of building the value channel “as a destination of choice for European jeans wear consumers,” and even expanded the range to include underwear and socks. But while the value channel has definitely been on the ascendant – Key Note says two-thirds of adults now shop at grocery superstores for clothing and footwear – this growth has not been to Levi’s advantage. The GBP25 Signature brand jeans compete with Tesco’s GBP3 own label; and customers on the look-out for edgier fashions instead track down the George ‘Must Have’ range at Asda.

Levi to scrap Signature brand in Europe


BLOG

Act now to keep receiving just-style newsletters

You may have noticed a red alert bar at the top of just-style’s weekly and daily newsletters asking you to “Act now to keep receiving the just-style newsletter.” ...

BLOG

Apparel imports into the US rose in June

Apparel imports into the US rose in June as merchants stocked up for summer and prepared for the back-to-school season, with imports from Vietnam continuing to surge....

BLOG

US retailers under pressure to grow sales as mall traffic slows

Under Armour is to close stores and cut jobs – around 2% of the company's global workforce – as part of new plans to build a stronger and smarter company with faster go-to-market speed and greater dig...

BLOG

Agile logistics key to new hybrid retail world

US retail giant Walmart has topped a list of the fastest growing retailers thanks to its investment in ensuring it has the right balance between its online and brick and mortar operations....

just-style homepage



Forgot your password?