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Levi Strauss Co

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BUSINESS
January 6, 1993 | CHRIS WOODYARD, TIMES STAFF WRITER
For more than two decades, Shipley's Family Clothing stores combined its folksy appeal and civilized prices on Levi jeans to hold its own against the Gaps and Miller's Outposts of the world. But on Tuesday, Shipley's owners said they are closing the 10-store chain and terminating about 150 employees after a liquidation sale because their prime supplier, Levi Strauss & Co., was cutting off its supply. Without Levis, they say, the chain cannot survive.
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BUSINESS
March 26, 2014 | By Tiffany Hsu
Levi Strauss & Co., the San Francisco apparel company best known for its denim clothing, said it will remove 800 jobs as part of an effort to cut $175 million to $200 million in costs. The so-called global productivity initiative will roll out over the next 12 to 18 months, the company said Wednesday. The first phase is expected to result in $75 million to $100 million in savings, the company said. The job cuts, which will affect 20% of Levi's non-retail and non-manufacturing employee base, are to occur during the period.
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BUSINESS
January 6, 1993 | CHRIS WOODYARD, TIMES STAFF WRITER
For more than two decades, Shipley's Family Clothing stores combined its folksy appeal and civilized prices with Levi's jeans to hold its own against the Gaps and Miller's Outposts of the world. But on Tuesday, Shipley's owners said they are shutting down the 10-store chain and terminating about 150 employees after a liquidation sale because their prime supplier, Levi Strauss & Co., was cutting it off. Without Levi's, they said, the chain cannot survive.
BUSINESS
May 28, 2009 | Andrea Chang
Anchor Blue Retail Group Inc., which operates teen apparel chain Anchor Blue, filed for Chapter 11 bankruptcy protection Wednesday, saying it would close dozens of stores and sell its outlet division. In the filing, the company said it had reached an agreement to sell 73 of its Levi's & Dockers Outlet by Most stores to San Francisco-based Levi Strauss & Co., which offered an opening bid of $72 million.
BUSINESS
May 17, 2005 | From Bloomberg News
Levi Strauss & Co., the closely held maker of jeans, named John Goodman president of its U.S. Dockers business. Goodman, who has been senior vice president and chief apparel officer at Kmart Holding Corp., will report to Levi Strauss Chief Executive Phil Marineau, San Francisco-based Levi Strauss said.
BUSINESS
December 23, 1993 | From Times Staff and Wire Reports
Levi Strauss to Relocate Units: Levi Strauss & Co., the world's largest clothing manufacturer, plans to move two of its San Francisco-based units out of California. The company said it will move its Britannia division, which employs 85 people, to the Seattle area and its computer data center, which employs 70, to Dallas. Both moves are expected to occur next summer.
BUSINESS
March 21, 2001 | Reuters
Levi Strauss & Co. reported a 7% decline in its fiscal first-quarter operating profit to $142 million from a year ago as sales fell 8% to $996 million. But the jeans maker said the results for the quarter ended Feb. 25 marked an improvement over double-digit earnings declines in recent years and reflected efforts to reinvigorate its faded image, even in the face of a weak economy. Levi has been struggling to hold its own amid increasing competition from more youth-oriented clothing brands.
BUSINESS
October 2, 1998
A strike closed down the Belgian units of blue-jeans giant Levi Strauss & Co. after the company earlier this week said three plants there would be eliminated as part of a European restructuring plan. Company officials said production facilities in Belgium and France were singled out because of high labor costs and overcapacity. Unions said they would keep the factories closed for the rest of the week to protest the expected loss of about 1,000 jobs in Belgium.
BUSINESS
November 8, 2003 | From Bloomberg News
Levi Strauss & Co. reached an agreement with two former tax managers who are suing the company that would allow it to review accounting documents sought by the Internal Revenue Service. The IRS is conducting audits of Levi's accounting during the 1990s. Robert Schmidt and Thomas Walsh, former employees at San Francisco-based Levi's global tax department, claim in a suit that the company cheated the IRS out of $70 million in 1997 and 1998. Levi denies the claims.
BUSINESS
February 11, 2009 | Associated Press
Jeans maker Levi Strauss & Co. said fourth-quarter profit fell 77% from the same period a year earlier, when the company enjoyed a tax benefit, as sales growth slowed. Net income fell to $62.3 million in the three months ended Nov. 30 from $267.1 million a year earlier, the San Francisco company said. Sales including licensing revenue advanced 1.2% to $1.27 billion.
BUSINESS
October 4, 2008 | From Bloomberg News
Levi Strauss & Co., the world's largest jeans maker, is slimming down the look of its Dockers casual pants after losing touch with the changing tastes of American men. "We've been keeping the same fits in the marketplace for too long," Chief Executive John Anderson said after San Francisco-based Levi reported that U.S. demand for Dockers fell in the nine months through Aug. 24. The brand's new mantra: "Regardless of your shape, we can make you look good," he said.
BUSINESS
October 3, 2008 | From Bloomberg News
Levi Strauss & Co., the closely held maker of its namesake denim jeans and Dockers pants, said fiscal third-quarter profit increased, helped by sales growth and lower interest expenses. Net income climbed 14% to $69.2 million in the quarter ended Aug. 24, up from $60.9 million a year earlier, the San Francisco-based company said Thursday. Sales including licensing revenue rose 5.7% to $1.11 billion.
BUSINESS
February 13, 2008 | From the Associated Press
Levi Strauss & Co. shook off a sales slowdown in the United States late last year to boost its profit for the ninth straight quarter and cap the jeans maker's best year in more than a decade. The San Francisco-based company said Tuesday that it earned $267 million during its fiscal fourth quarter ended Nov. 25, more than double the $96-million profit for the same time in 2006.
BUSINESS
December 13, 2007 | From the Associated Press
Levi Strauss & Co. Chairman Robert Haas is stepping down from the position early next year, marking the first time in the jeans maker's 154-year history that its board won't be led by a descendant of the company's founder. Haas' retirement, announced Wednesday, will become effective at the privately held company's Feb. 8 annual meeting. He will be replaced as chairman by T. Gary Rogers, a Levi's director since 1998 and the chief executive of Dreyer's Grand Ice Cream Inc. for the last 30 years.
BUSINESS
November 29, 2007 | From Times Wire Services
Levi Strauss & Co. sued Wet Seal Inc., accusing the retailer of copying its trademarked pocket-stitching design. Foothill Ranch-based Wet Seal uses pocket-stitch patterns that are "confusingly similar" to the San Francisco jeans maker's 1873 design, according to the suit filed Nov. 20 in federal court in San Jose.
BUSINESS
May 6, 2005 | From Times Staff and Wire Reports
Levi Strauss & Co. opened its first jeans store in Vietnam to tap the potential market of young people hungry for American fashion in the communist country, state-controlled media reported. The store opened at a shopping center in Hanoi, and the San Francisco-based company planned to open additional stores elsewhere in the country, the Vietnam Economic Times said.
BUSINESS
February 17, 1999 | Times Wire Services
Levi Strauss & Co., the largest U.S. clothing maker, said fiscal 1998 revenue fell 13% because of poor sales of its namesake brand. Levi is a privately held company, so it doesn't release earnings reports, quarterly revenue or competitive data on specific business units or brands. Sales declined to $6 billion in the year ended Nov. 29, from $6.9 billion in fiscal 1997, Levi said.
BUSINESS
October 11, 2007 | From Times Wire Services
Levi Strauss & Co. extended a two-year streak of higher profit in its fiscal third quarter despite decelerating sales growth that reflected eroding demand for the jeans maker's discount and Dockers brands in the U.S. The San Francisco-based company said it earned $60.9 million for the three months ended Aug. 26, up 24% from $49.3 million in the same period last year. Management attributed most of the latest gains to lower expenses for taxes and loan repayments. Revenue edged up 2% to $1.
BUSINESS
July 11, 2007 | From Times Wire Services
Levi Strauss & Co.'s second-quarter profit rose 14%, accelerating a comeback that has spurred talk that the storied jeans maker might go public again after more than two decades under private ownership. The San Francisco-based company earned $45.7 million during the three months ended May 27, compared with net income of $40.2 million a year earlier. Revenue rose nearly 6% to $1.02 billion.
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