Levi Strauss reports record 1994 sales and income
Levi Strauss Associates Inc. posts 1994 sales of 6.1 billion dollars, a 3 percent rise from 1993, with operating income up 14 percent to 969.1 million. Net income falls 35 percent to 321.0 million after one-time accounting changes and new standards. Excluding those charges, net income would rise 13 percent. Non U.S. sales amount to 2.4 billion, up 8 percent, led by Europe. Dockers lines face capacity limits and reformulation, while Levis remains strong in the U.S. and abroad.
MENTIONED IN THIS ARTICLE
Levi Strauss Associates Inc
LSAI
Levi Strauss & Co
U.S
Europe
Levis
Dockers
Italy
Germany
Levi Strauss Backs Heavy Investment in Global Operations
Levi Strauss & Co senior vice president and CFO George B. James says the firm is pouring funds into upgrading worldwide operations to enhance customer service. He warns near term net income may be affected, but expects long term leadership in apparel and a changing retail landscape. LS&CO employs over 36,000 people global.
MENTIONED IN THIS ARTICLE
George B. James
Levi Strauss & Co
James
Ls&co
Technology advances aid in apple storage
Washington AP reports advances in controlled atmosphere storage improve apple firmness and flavor. ARS researchers at Wenatchee show shorter CA times raise quality. Gala and Jonagold CA duration trimmed from 90 to 45 days, enabling CA labeled market sales. Oxygen can reach 1 percent. carbon dioxide levels vary by variety to cut costs.
MENTIONED IN THIS ARTICLE
Washington
Agriculture Department
Agricultural Research Magazine
Washington State
Agricultural Research Service
Stephen R. Drake
Tree Fruit Research Laboratory
Wenatchee
Wash
Drake
February farm prices edge higher for cattle and corn
Agriculture Department reports prices rose for cattle hogs tomatoes and corn but fell for lettuce wheat soybeans and lemons keeping the overall index steady from January to February. Compared with February 1994 the index is down 5.8 percent.
MENTIONED IN THIS ARTICLE
Washington
Agriculture Department
Lumber futures slide to 18 month low amid ample supply
Lumber futures dropped to an 18 month low on Friday as cash lumber prices remained under pressure in a well supplied market. Mixed commodity news noted a rebound in cotton futures amid forecasts from a major merchant. The Commodity Research Bureau index fell 0.55 to 232.12 while spruce two by fours on the Chicago Mercantile Exchange slid to near 1993 lows with March and May deliveries down sharply. Milk prices declined further and lettuce prices slipped from last month highs.
MENTIONED IN THIS ARTICLE
Commodity Research Bureau
Chicago Mercantile Exchange
March Lumber
Peso sinks to record low as bank seized amid crisis
In Mexico City the peso closed at a record 6.305 per dollar as the government moved to seize a troubled bank. The slide followed a political dispute after the brother of former President Salinas de Gortari was arrested in the 1994 murder of a ruling party official, linking the crisis to political turmoil. The same day in Washington, the dollar fell against major currencies, hitting 94.05 yen after a global attempt to prop it up failed. Also in Washington, the House passed a property rights bill allowing claims for losses from environmental restrictions, 277 to 148, a move supporters call relief for landowners harmed by wetlands and species protections.
MENTIONED IN THIS ARTICLE
Mexico City
Mexico
Carlos Salinas de Gortari
Washington
U.S
House
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Levi Strauss
South Africa
South America
The
Associated Press
Ork
South Main Roswell
Board For
Andrews, Cooke, Crockett, Loving, Martin, Pecos
Reagan, Upton, Ward
Winkler Counties
el Paso
Hudspeth
Terrell Counties
Terrell County
University Lands Oil, Gas & Mineral Interests
P.O
Midland
Texas
Center For Energy and Economic Diversification
CEED
Odessa
Valley Bank of Commerce
Money Market
West Second
Roswell
FDIC
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