Levi'S Realized Net Profit Of $31 Million In The Two Quarter

Although the domestic retail environment is difficult,

It has not yet quit the stage of fashion.

Famous American cowboy

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(Levi 's) parent Livy Strauss group recently released the two quarterly report. The group realized net profit of $31 million during the reporting period, up 163% from the same period last year, and Asia realized 182 million dollars, an increase of 8.3% over the same period last year.

According to the results, Levi's's income in the Americas market in the two quarter decreased by 5.3% to 589 million US dollars, while Europe and Asia achieved 8.6% and 8.3% growth respectively, with revenues of 241 million US dollars and US $182 million respectively.

Levi's's chief executive, Chip Bergh, said the United States was directly facing the strong growth of consumer business and international business, offset the decline in wholesale sales and kept the overall net revenue unchanged at the same level of $1 billion 12 million a year ago.

From the perspective of channel classification, wholesale business is still a missing item in Levi's's quarterly results, with a drop in the number of low digits.

Chip Bergh said that the traditional department store channel has been facing great challenges over the past year, and this channel occupies a large proportion of the group's US business.

In contrast, thanks to the performance and expansion of the retail network and the growth of e-commerce, the group is directly facing low double-digit gains in consumer business income.

In fact, Levi's showed a distinct growth momentum in the first quarter.

According to the financial report, in the first quarter of February 28, 2016, the total revenue of Levi's increased to 1 billion 57 million US dollars, and net profit increased by 71% over the same period last year.

According to the industry, Levi's's balance of payments in the past three years has laid a good foundation for growth in 2016, thanks to lower product costs, product price increases and reduced supply chain.

Driven by the retail network, the positive performance of the European and Asian markets has made Levi's's overall performance gratifying.