Despite a double-digit drop in revenue in the third quarter, Levi's managed to not only turn a profit but also make its e-commerce business profitable, CEO Chip Bergh told CNBC's Jim Cramer Wednesday." interview. "We're profitable a year ahead of schedule, despite all of the accelerated investments that we've made."
Levi's has invested heavily in both online and brick-and-mortar operations as the retailer looks to build up its direct-to-consumer services. The company also built out its omnichannel capabilities, which Bergh said has benefitted greatly from the pandemic environment. Outside of the impact of coronavirus on sales, fashion trends further influenced by the new normal have also been a positive for Levi.
I cant wear to have somewhere to go in my Levi's jeans
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stocks making the biggest moves in the premarket: Levi Strauss, Alphabet, Boeing, AT&T & moreThe stocks making the biggest moves in premarket trading include Levi Strauss, Alphabet, Boeing, AT&T, and more. Yeah none of this matters when you have a drugged up president* drafting fiscal stimulus policy by tweet. Anyone see the markets yesterday? Gosh. lool market is up pre-market because trump sends a late night tweet on stimulus he would never actually sign off on.
Source: CNBC - 🏆 12. / 72 Read more »
United Airlines, Levi, DraftKings, Siri: What to Watch When the Stock Market Opens TodayU.S. stock futures point to muted gains after the market opens. President Trump in overnight tweets signaled a softening of his stance on relief spending by the government. good Yeah great 👍 one
Source: WSJ - 🏆 98. / 63 Read more »
Ocean Spray CEO recreates viral TikTok, company gifts truck to star of meme - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. sunshinelaughin Will the image of skateboards and cranberry juice be forever burned in my mind when Dreams plays on my ear buds?
Source: BusinessInsider - 🏆 729. / 51 Read more »