Levi Strauss sales fall to $5.14 billion

Article Abstract:

Levi Strauss & Co. said its sales for the 1999 year dropped to $5.14 billion (52.2 billion euros). In 1998, Levi Strauss posted $5.96 billion in sales.

Apparel & Related Products, Apparel Manufacturing, Levi Strauss & Co.

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Polo Ralph Lauren swung to loss in its 2nd quarter

Article Abstract:

Polo Ralph Lauren Corp. posted a $62.8 million net loss for the fiscal second-quarter ending September 30, 2000. The company also posted a $116 million restructuring charge as part of the net loss.

Apparel, Piece Goods, and Notions, Apparel, Textiles, Ftwr Whsle, Apparel, Piece Goods, and Notions Wholesalers, Wholesale industry, Wholesale trade, Polo Ralph Lauren Corp.

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A hot designer can generate buzz but not profits

Article Abstract:

Derek Lam, a successful new fashion designer, has a $4.8 million a year business that will lose money this year. It is becoming more difficult to realize the financial success of American fashion icons with the changes in retailing and manufacturing in the clothing industry. Mr. Lam's business partner Jan-Hendrik Schlottman says "A really good artisan can't mass produce and you aren't going to get rich."

Financial management, Industry Overview, Fashion designers, Company financing, Lam, Derek

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