NEW YORK — Booming sales in Asia and stabilization in the American market helped Levi Strauss & Co. snap eight years of declining sales in 2005.For the year ended Nov. 27, the 152-year-old San Franciso-based company saw earnings explode 413.2 percent to $155.9 million, due in large part to a drastic reduction in restructuring charges. Comparatively, the company reported earnings of $30.4 million in 2004. Sales increased 1.3 percent to $4.12 billion from $4.07 billion in 2004.The Asia Pacific market buoyed sales results, rising 14.1 percent to $689 million from $603.9 million. Sales in the North American market rose 1.2 percent to $2.46 billion from $2.43 billion, a result of only marginal declines in the core Levi’s business and Dockers business, and a 7.4 percent sales gain in the Levi Strauss Signature mass-channel business. Europe, however, continues to present the greatest challenges. Sales declined 5.9 percent in Europe to $981.1 million from $1.04 billion in 2004.Despite the strong results, management warned that it expects the first half of 2006 to be difficult as sales absorb the impact of retail consolidation, a poor currency exchange environment and continued weakness in the European market.“In the U.S. consumer confidence is at its highest but we’ve also seen one of the lowest savings rate. Then there’s the high price of oil,” said Phil Marineau, president and chief executive officer in a telephone interview. “There’s so many conflicting pieces of data it’s very hard to predict anything. I’ve been pleased with the trends I’ve seen at retail since the holidays and I’d hope they continue.”For complete coverage, see tomorrow's WWD.
“My personal philosophy to beauty is paying attention to oneself. I love to be outdoors, lots of fresh air, trying to take care of yourself as best you can. I always notice that comes through,” says Felicity Jones, the global face of @shiseido-owned @cledepeaubeauteus, which launches today. Head to WWD.com to read more about the actress’ love for beauty and how she prepared for her new role in “The Basis of Sex,” playing the young Ruth Bader Ginsburg. #wwdbeauty (📷: @dandoperalski)
For men’s fall 2018, @giuseppezanotti drew on elements from streetwear, sport, biker, combat and rock ‘n’ roll. Pictured here are a pair of shoes from the collection, featuring zippers, rhinestones, and silver hardware. Head to WWD.com to see a roundup of the accessories from Milan’s men’s fall 2018 shows. #wwdfashion (📷: Andrea Delb)
To celebrate the 25th anniversary of @ralphlauren’s snowboarding collection, the brand is mining its archives. The iconic brand is reintroducing vintage styles and dropping new designs for a color capsule that will be available in Ralph Lauren stores and @openingceremony on January 25. The capsule will consist of 10 pieces, including the Snow Beach Pullover, pictured here, which is a collector’s item that rapper Raekwon wore in Wu-Tang Clan’s “Can It Be All So Simple” video. #wwdfashion (📷: Tom Gould)
For @rochasofficial’s pre-fall 2018 collection, creative director Alessandro Dell’Acqua channeled the sophisticated and intriguing Catherine Denevue in the film “Belle de Jour.” Polished collarless coats, midi skirts, suits and ’60s graphic motifs were all featured in the collection, adding a sense of discreet luxury. See the rest of the photos on WWD.com #wwdfashion
“We tried to produce clothing of that couture quality, but the most daunting part was that we only had a matter of days [to do it],” said costume designer Lou Eyrich, who recreated Gianni Versace’s iconic looks for @americancrimestoryfx. Eyrich searched online retailers and vintage shops for original pieces from the design house and for @penelopecruzoficial, who plays Donatella Versace. Head to WWD.com to read how she created the Versace world. #wwdfashion
Only three months after her stellar debut catwalk season, @kaiagerber has inked her first big design collaboration –– with @karllagerfeld. The collection blends Lagerfeld’s Parisian chic aesthetic and the model’s signature West Coast casual style via RTW, accessories, footwear and more. The #KarlLagerfeldxKaia collection will launch in September with a series of events. Get all the details on WWD.com. #wwdnews #wwdfashion
Harrods plans to remove the famous statue of Princess Diana and Dodi Al Fayed from the bottom of the Egyptian escalators and hand it back to Mohamed Al-Fayed. “We are very proud to have played our role in celebrating the lives of Diana, Princess of Wales and Dodi Al Fayed at Harrods and to have welcomed people from around the world to visit the memorial for the past 20 years,” said Michael Ward, Harrods managing director. “With the announcement of the new official memorial statue to Diana, Princess of Wales at Kensington Palace, we feel that the time is right to return this memorial to Mr. Al Fayed and for the public to be invited to pay their respects at the palace.” More on the news, with reporting by @loreleimarfil, at WWD.com. #wwdnews