Denim jeans marketer Levi Strauss & Co. noted a 7 per cent dip in net sales in the first fiscal quarter that ended on March 1, 2015. Its net sales dived to US $ 1,055 million as against US $ 1,130 million in the first fiscal quarter that ended on February 23, 2014. Moreover, gross profit in the first quarter plunged to US $ 537 million compared to US $ 576 million for the same quarter of 2014.
