Levi Strauss & Co. on Friday reported that revenue fell 6% in its latest quarter, but that lower sales at wholesale, primarily in the Americas, were offset by increased sales from the retail network in Europe and Asia.
Struggling department store operator J.C. Penney reported a smaller decline in same-store sales for September, compared to August, and said it expected improved sales trends to continue for the remainder of the year.
Levi Strauss has reported a 246% increase in net income for its second quarter, ended May 26. The American group posted income of 48 million dollars for this quarter against 13 million for the same period in 2012.
Harmit Singh will be leaving his position at Hyatt Hotels Corporation to head up operations at the Californian group Levi Strauss from 16 January. He will be taking over from Kevin Wilson who has been filling in since...