Posted
5:40 PM
by Gene
It is somehow just that a company that taught America how to dress CHEAP should be a victim of its own success.Conservative-orgasm alert:
Levi's also was the last major jeans maker to manufacture clothes in the United States, putting it a price disadvantage as its rivals shifted operations to low-cost contractors in Latin America and Asia. The competitive pressure prompted Levi's to close all of its U.S factories.Effectiveness-of-annoying-people-on-television alert:
The fourth-quarter loss, driven by a sharp increase in advertising expense....