Levi Strauss & Co (NYSE: LEVI), a global leader in jeanswear, was featured in a recent analysis report that discussed the turning tide and recent upward trend in consumer demand for its products. The report, written by LikeFolio Founder Andy Swan, reads, “Last quarter, we said Levi denim demand wasn’t building yet. And it wasn’t. LEVI reported revenue -62% YoY and announced plans to cut 15% of its global workforce. Now, the tide may be turning for the iconic jean producer. LikeFolio recorded improvement in consumer demand for Levi products in 20Q3 (ending August 23). Purchase intent registered -4% YoY. Still down but significantly better QoQ, and the current quarter shows continued acceleration.”
About Levi Strauss & Co.
Levi Strauss & Co. is one of the world’s largest brand-name apparel companies and a global leader in jeanswear. The company designs and markets jeans, casual wear and related accessories for men, women and children under the Levi’s(R), Dockers(R), Signature by Levi Strauss & Co.(TM), and Denizen(R) brands. Its products are sold in more than 110 countries worldwide through a combination of chain retailers, department stores, online sites, and a global footprint of approximately 3,200 retail stores and shop-in-shops. Levi Strauss & Co.’s reported 2019 net revenues were $5.8 billion. For more information, visit www.LeviStrauss.com, and for company news and announcements, visit www.Investors.LeviStrauss.com.
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