• Levi Strauss posts sales and earnings growth, raises outlook

    11 days ago - By Fashion United

    Image: Levi's, Levi Strauss & Co.
    Levi Strauss & Co. reported net revenues of 1,498 million dollars, an increase of 41 percent on a reported basis, and 38 percent on a constant-currency basis, compared to the same period in the prior year.
    The company's wholesale net revenues increased 45 percent reflecting strong demand in the U.S. and Europe, direct-to-consumer net revenues increased 34 percent due to increased revenues from company-operated stores, and the company's global digital net revenues grew approximately 10 percent.
    Compared to the third quarter of fiscal 2019, total company net...
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  • Sosandar posts strong increase in first half sales

    11 days ago - By Fashion United

    Image: Sosandar, Facebook
    Online women's fashion brand Sosandar reported revenue of 12.2 million pounds, a 184 percent increase for the six months to September 30, 2021.
    The company witnessed a record revenue month in September as demand accelerated for new season products. Sosandar said in a statement that trading with third parties stepped up every month through the period, with September a new record. The company also reported continued improvement in EBITDA loss.
    Commenting on the first half trading, Ali Hall and Julie Lavington, co-CEOs of Sosandar said: “We are delighted to report...
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