Levi Strauss suffers reduced sales in its main market, the Americas

Wednesday, October 9th 2019 - 09:30 UTC

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Levi Strauss & Co reported a 4% drop in third-quarter profit on Tuesday, as the denim apparel maker struggled to grow its wholesale business in the Americas, where it generates most of its revenue. Reduced shipments to off-price stores and the impact of delayed acquisition of a South American distributor drove net revenue down about 3% in the region, the first fall since the 165-year-old company went public in March. Read full article

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tallison46
I'm reasonably sure it also has something to do with the controversial and offensive opinions the CEO is expressing in public...… which is infuriating a large segment of the market....
Oct 09th, 2019 - 10:09 am - Link - Report abuse 0
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