October 4, 2008 |
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.
October 3, 2008 |
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.
July 9, 2008 |
Levi Strauss & Co., the closely held maker of its namesake denim and Dockers pants, said profit plunged in the second quarter as sales declined globally and problems upgrading technology systems disrupted some shipments. Net income fell 98% to $701,000 in the three months ended May 25 from $45.7 million a year earlier, San Francisco-based Levi Strauss said. Sales including licensing revenue decreased 7.9% to $936 million. "We expected the second quarter to be tough, and it was," Chief Executive John Anderson said.
February 13, 2008 |
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.
December 13, 2007 |
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.
November 29, 2007 |
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.