Please fill in your details to download the Table of Contents of this report for free. We also do customization of these reports so you can write to us at firstname.lastname@example.org in case you need any other additional information.
The company's direct-to-consumer business grew by 12 per cent on a constant-currency basis in the third quarter, primarily due to expansion and performance of the retail network and e-commerce growth. Net revenues from the company's wholesale business grew 1 per cent on a reported basis and 2 per cent on a constant-currency basis, reflecting growth in Europe and Asia.
In the Americas, net revenues declined 3 per cent on both a reported and on a constant-currency basis due to a decline in the wholesale business, offset in part by growth in the direct-to-consumer business. Direct-to-consumer net revenues growth of nine per cent reflected the Levi’s brand’s strength in the region. The decline in wholesale primarily reflected a Dockers line reset in the second half of 2018, reduced shipments to the off-price channel in 2019, and the impact in 2019 of a pending acquisition of a South American distributor.
In Europe, net revenues grew 14 per cent on a reported basis and 18 per cent on a constant-currency basis, reflecting continued broad-based growth in both direct-to-consumer and wholesale channels across the region. In Asia, net revenues grew nine per cent on a reported basis and 12 per cent on a constant-currency basis, reflecting strong performance across traditional wholesale and direct-to-consumer channels across the region. Revenue growth was broad-based across most of the region's markets.
For year-to-date, the company’s direct-to-consumer business grew 13 per cent on a constant-currency basis due to performance and expansion of the retail network and e-commerce growth. Wholesale net revenues grew 3 per cent on a reported basis and five per cent on a constant-currency basis reflecting growth in all regions.
"We delivered strong third-quarter results and remain on-track to achieve our full-year expectations," said Chip Bergh, president and CEO of Levi Strauss & Co. "Our strategies to diversify to faster-growing, high-opportunity, high gross margin businesses continue to drive momentum, as we again grew revenues double-digits internationally, in our direct-to-consumer business, and in the women’s and tops categories. And our global wholesale business grew two percent in constant-currency, despite US wholesale facing what we expect will be the toughest comparison of the year. As for the fourth quarter, we again expect strong performance in international, direct-to-consumer, women's and tops, and improved comparisons for US wholesale. We'll stay focused on what we can control as we grow this business over the long-term."
For the full-year of 2019, the company expects net revenue growth of five-and-a-half to six per cent on constant-currency basis; this incorporates the impact of the South American distributor acquisition announced in August this year.
Fibre2Fashion News Desk (PC)
| On 30th Oct 2020
Global foreign direct investment flows fell by 49 per cent in the...
As a cotton printing studio opened recently in Amersfoort, it revived ...
| On 30th Oct 2020
Levi Strauss has announced a series of leadership changes, effective...
Clothes are no more bound by gender
Union budget 2018-19 will have positive impact on apparel industry
Wigwam Mills Inc
Wigwam aims to recycle discarded yarn that doesn’t make it through the...
Australia-based Sunseeker has been creating swimwear since 1970. Sunseeker ...
Switzerland-based Benninger is a leading manufacturer of technologically...
Berto Industria Tessile was founded in Bovolenta, a small town in the...
Dr. Rene Wollert
Dr. Rene Wollert discusses the current scenario of the global nonwovens...
Fitesa is a leader in the nonwoven fabrics industry, specialising in...
Bebop Sensors' smart fabrics allows for a new level of interaction between ...
Rajesh Pratap Singh
Rajesh Pratap Singh
<div>Ace fashion designer <b>Rajesh Pratap Singh</b> has used Tencel to...
<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...
Label Sneha Arora
Sneha Arora, an alumnus of National Institute of Fashion Technology,...
Letter to Editor
Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.
Subscribe today and get the latest information on Textiles, Fashion, Apparel.