Levi's tightens its belt to add flare to its jeans | Economy and Business
The new CEO of the century-old textile brand is focused on implementing a major cost adjustment process to improve profitability and overcome losses
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The new CEO of the century-old textile brand is focused on implementing a major cost adjustment process to improve profitability and overcome losses
Higher freight costs and lower consumer buying power could hit retailers in the coming months.
Levi Strauss (NYSE: LEVI) exemplifies how iconic branding, sound management, and forward-looking strategy can drive shareholder value.
Levi Strauss: "We're going to be reducing about 15% of our SKUs and really think about expanding in goods that are actually resonating with the consumer," Singh said. "What's really resonating these days is the baggier fit, the low, loose assortment."
Levi Strauss & Co. saw profits and revenues tumble in Q1 2024 at the back of Russian market exit and discontinuation of its Denizen brand.