Levis said the decline in net income, primarily reflects investments associated with the expansion of its company operated stores network and ecommerce.
Net revenue rose one percent on a reported basis to $1,299 million in the quarter under review and increased two per cent, when excluding $6 million in unfavourable currency translation.
The denim retailer added that on a constant-currency basis, direct-to-consumer sales grew 11 per cent in the reporting quarter, which reflects performance and expansion of the retail network and ecommerce across all regions.
Adjusted EBIT declined thirteen per cent year on year to $146 in the fourth quarter of fiscal 2016, both on a reported basis and also on a constant-currency basis. (AR)
Fibre2Fashion News Desk – India
Textiles | On 25th Jun 2022
Zero Waste Scotland and the Scottish Government have launched a new...
The US dollar exchange rate appreciated by Tk8.15 in less than 11...
Foreign direct investment (FDI) inflows into Vietnam rebounded in May ...
Textile Industry Head honchos
Liquidity is a primary issue in Indian context
Consistency is the first rule of social media
Vandana Narang National Institute of Fashion Technology
Campus placements are low due to lockdowns
Ilker Hacioglu
Founded by three partners of French origin in 1988, LC Waikiki started its ...
Meghna Kishore & Barkha Bhatnagar Das
Being conscious of living mindfully themselves, two sisters embarked on a...
Atul Ganatra
<div>Engaged in providing a wide range of services to the entire cotton...
Syed Ali MMS Nonwoven
Located in JAFZA, Jebel Ali, Dubai, United Arab Emirates, MMS Nonwoven is...
Franky Viaene Balta Group
Captiqs, the nonwovens brand of Balta, is a key European producer of...
Hemant Bheda Arevo
Arevo, based in Silicon Valley in California, develops technology to...
Vidur Adlakha & Riccardo Bennidini La Fuori
With an active presence in US, Italy and India, clothing brand La Fuori...
Paul Gaudio Brand - Unless
Former global creative director of Adidas and current Co-founder of...
Prakruti Gupta Rao & Navin Rao Brand - The Kaftan Company
The Kaftan Company (TKC) is India’s most recognised brand for kaftans,...
Press Release
Letter to Editor
RSS Feed
Search Companies
editorial@fibre2fashion.com
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.
By submitting you confirm you have read our Terms & Conditions and Privacy Policy.