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April 09, 2008
Levi's Looks Abroad For Sales Growth
Levi Strauss and Co. saw its earnings surge 12% in the first quarter to $97.1 million, aided by a reduction in its restructuring charges and interest expenses.
The San Francisco-based company reported a 4.4% increase in revenue to $1.08 billion. Looking ahead, however, it said that it sees most of its growth coming from overseas and the women’s market.
Sales in the U.S. and Japan have been slowly declining, forcing the company to look to new growth markets, such as China.
Posted by Blacks on April 9, 2008 09:33 AM
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