North American Business Slack Levi 'S Parent's Three Quarter Profits Fall
Because North America Business continued to slack, and Levi's Levi's parent company Levi Strauss & Co. continued to decline in the three quarter. As of the three quarter of August 24, 2014, group net profit fell 57 million 75 thousand to $50 million 620 thousand, or 11.3%, in the same period last year.

The three quarter Operating profit also declined by 2%, from 125 million US dollars in the same period last year to 122 million US dollars, while sales in European region increased by 4%, from 275 million dollars in the same period last year to 286 million dollars, and the increase in European Regional revenue mainly benefited from the rise in sales of self operated stores. The euro area's three quarter operating profit rose to the US dollar in the same period last year. The US dollar mainly benefited from the increase in gross profit margin in the same period last year. Sales growth in Asia dropped to US dollars from the US dollar in the same period last year. The retail price of both retail channels and wholesale channels also contributed, but the price increase also had some effect. Levi Strauss & Co. sales in North America dropped 2%, from 710 million US dollars in the same period last year to 697 million US dollars. Sales decline was mainly due to the fall in wholesale business of women's clothing, and three quarter of North America.
End In the three quarter of August 24, 2014, the total revenue of Levi Strauss & Co. group was $1 billion 154 million 100 thousand, an increase of 1% over the same period of 1 billion 141 million 300 thousand a year ago. Gross profit was 562 million 200 thousand dollars, a 2% decrease compared with 572 million 800 thousand a year earlier, and gross margin fell by 150 basis points, from 50.2% in the same period last year to 48.7%.
Levi Strauss & Co. launched the business restructuring and cost reduction plan in March this year. The first phase of the plan will reduce about 800 non retail and non manufacturing jobs in the next 12-18 months, accounting for nearly 20% of the total number of employees. It is expected to save 75 million to 100 million dollars a year, aiming at streamlining the company's business and promoting long-term profit growth. The company said it had already spent $103 million by August 24, 2014, and the cost savings would be between $100 million and $125 million in the year to come, higher than expected.
- Related reading

Foreign Media: Ruyi Technology Terminates The Acquisition Of Masood, A Listed Textile Company In Pakistan
|- Celebrity interviews | Xue Ruixia: Convey The Sense Of Design And Customer Culture
- Member area | 2014Luxury Miss Universe Interpretation Of True Feminine Beauty
- neust fashion | 黑色小皮衣潮流來襲 配連衣裙超顯小清新
- Collocation | The Beauty Of The Spring Keeps You At Your Best.
- asset management | How Much Is The Hangzhou Balance Treasure Manual Customer Service Telephone Number?
- Celebrity endorsement | Chris Pine Becomes The Image Spokesperson Of Luxury Brand ARMANI CODE
- Industry standard | The Chongqing Environmental Protection Bureau Has Launched A New Look At Leather Tanning Industry.
- Colorful circles | 春日美帽時尚來襲 打造青春靚麗感
- effective communication | Psychological Misunderstanding To Avoid Interpersonal Relationship And Communication
- Female house | With Thousands Of Song Yi Coat And Skirt Wear Fashion Goddess Temperament
- The Advantages Of Antibacterial Fiber Are Obviously Favored.
- 關于發改委“加強對棉花期貨市場的監管”的解讀
- Children'S Clothing Should Pay Attention To Safety Standards For Rope Pulling.
- 領導們意見不統一,聽誰的?
- Step On The Wrong Communication "Mine".
- 用建構主義規劃職業生涯
- The Secret Of Winning In The Startup Of Clothing Shop
- Li Keqiang Answers Questions About China'S Economy In Europe: Capable Of Achieving Growth Of Around 7.5%
- Xie Baisan: A Shares Are Still Strong.
- Wearing A Pencil Skirt In The Autumn, Showing The Street In The Beautiful Fashion.