×
184
Fashion Jobs
ACTIVEWEAR & TECHNICAL TEXTILE DIVISION
Production Manager (Apparels/Garment)
Permanent · Ludhiana
WINGS PHARMACEUTICALS
Area Sales Manager - Generic Division
Permanent · Jaipur
ADECCO INDIA PRIVATE LIMITED
Job Opening For Area Sales Manager Role For Mnc Company
Permanent · Bengaluru
VISAGE BEAUTY AND HEALTH CARE
Area Sales Manager (Cosmetics/Skin Care Retail General Trade)
Permanent · Chennai
FORTUNE HR SOLUTIONS
General Manager - ie
Permanent · Tiruppur
ALUDECOR LAMINATION PVT LTD
Area Sales Manager - Patna
Permanent · Patna
JOB INDIA
Asst. Manager E-Com Operations (Garments Retail) Gurgaon
Permanent · Faridabad
RAKSHA PIPES PVT. LTD
Area Sales Manager
Permanent · Chennai
RENEWBUY
Area Sales Manager - Kolkata/Ranchi/Bhubaneswar
Permanent · Bhubaneswar
TRIDHAATU REALTY AND INFRA
Sales Manager - Real Estate (Closing)
Permanent · Mumbai
INFOGAIN
Production Support Manager- Opening
Permanent · Pune
ADD UR CO LLP
Production Manager
Permanent · Chennai
LE HUMAN RESOURCES SOLUTIONS PVT LTD
Production Manager
Permanent · Pune
FIRST MERIDIAN BUSINESS SERVICES
Head Production Manager
Permanent · Gurugram
ADECCO INDIA PRIVATE LIMITED
Sales Manager
Permanent · Mumbai
ALEMBIC PHARMACEUTICALS
Area Development Manager
Permanent · Pune
LEVI'S
Technical Product Manager
Permanent · Bengaluru
THE SEARCH HOUSE (A DIV OF JSD SEARCH HOUSE PVT. LTD.)
Manager Production-Sheet Metal (Laser /Punching/ Press Break)
Permanent · Bhiwadi
ABHAY INDUCTION TECH PVT LTD
Sales Manager
Permanent · Ahmedabad
FREELANCER PRATIK PARIKH
Opening in Leading Life Insurance Company/ Area Business Manager
Permanent · Gandhinagar
MANISHMEDI INNOVATION
Area Sales Manager
Permanent · Hyderabad
OJB HERBALS
Area Sales Manager
Permanent · Ranchi
Published
Apr 11, 2018
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Levi's kicks off 2018 with double-digit sales uptick

Published
Apr 11, 2018

US denim giant Levi Strauss & Co. on Tuesday reported a stellar start to 2018, witnessing a revenue increase of 22% globally, on the back of Levi's brand growth in all regions and channels. 

Levi's


"The momentum and growth trends we saw in the back half of last year not only continued but accelerated in the first quarter," said Chip Bergh, president and chief executive officer, Levi Strauss & Co, in a press release.

The denim purveyor said net revenues for the first quarter grew 22 percent to $1.34 billion on a reported basis, and 16 percent excluding $55 million in favorable currency translation effects.

By sales segment, Levi's direct-to-consumer revenues grew 24 percent on performance and expansion of the retail network, as well as via e-commerce growth.

The company said that it had 56 more company-operated stores at the end of the first quarter 2018 than it did a year prior.

For the quarter ended February 25, wholesale reported revenues grew 21 percent primarily reflecting higher revenues from Europe and the Americas.

On the back of heavy investment and changes to the tax code, which resulted in a $136 million charge and weighed on Levi's bottom line, the company reported net losses for the quarter of $19 million, down from profits a year earlier of $60.1 million.

Excluding the non-cash charge, the firm’s profits nearly doubled to $117 million.

In the Americas, net revenues grew 13 percent on the back of growth across wholesale and direct-to-consumer channels in all markets, including a particularly strong holiday season in the United States.

In Europe, revenues surged 30 percent reflecting "growth across all markets, channels, and product categories," with the strongest growth in women's and tops.

Meanwhile, in Asia, revenues grew 5 percent, again driven by direct-to-consumer sales.

"Our results clearly demonstrate that our strategies are working and that the incremental investments we are making in marketing, direct-to-consumer expansion and our more diversified portfolio are paying off," concluded Bergh.
 
The San Francisco-based company also raised full-year 2018 revenue growth guidance to 6 to 8 percent range in constant currency. 

Levi's Strauss Inc. operates the brands Levi's, Dockers and Denizen across 2,900 retail stores and shop-in-shops globally. The US firm reported 2017 net revenues of $4.9 billion.

Copyright © 2022 FashionNetwork.com All rights reserved.