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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsDenim maker Levi's sales fall 27% despite robust growth online
Denim maker Levi Strauss & Co. on Tuesday reported a quarterly sales decline of 27% due to coronavirus pandemic-related store closures.
Its online sales soared 52%, as the retailer said it gained market share in womens apparel. But those gains werent enough to offset losses elsewhere in the business, with net income tumbling 78%.
Still, Levis CEO Chip Bergh said the companys results beat internal expectations, thanks to recent investments in building out its direct-to-consumer business.
Its shares were up more than 9% in after-hours trading on the news.
https://www.cnbc.com/2020/10/06/levi-strauss-co-levi-q3-fiscal-2020-sales-fall-27percent.html
Clothes are worn out by laundering, not usually from wearing. If you are working from home, you launder less often.
rzemanfl
(29,540 posts)our ballots. Usually I wear gym shorts commando around the house and yard. My wife changes nightgowns after her evening showers.
helpisontheway
(5,004 posts)student taking classes online. We never dress up unless we are headed to the store or doctor appointment.
rzemanfl
(29,540 posts)fleur-de-lisa
(14,616 posts)and Dump's insanity.
We will get healthy again when we're rid of that fucking sociopath.
crazylikafox
(2,739 posts)Who can fit in jeans anymore?
Salviati
(6,002 posts)... that have no business being worn in public. I'm getting much more mileage out of the jeans I've got.
MissB
(15,800 posts)I still wear my jeans on occasion. Today, in fact.
Yesterday, someone unexpectedly dropped off some stuff for me. I know this person in a professional setting. I felt bad for still being in my leggings but then I realized they were also in leggings. Usually wed both be in slacks and sweaters or dress shirts. It was pretty funny.
bamagal62
(3,218 posts)But, they stopped doing that. It's difficult to get anyone to hem jeans correctly.
And, then, something happened to the fit. They are not flattering at all. I think
they went to cheaper manufacturers.
I stopped buying them.
Midnight Writer
(21,552 posts)I wore nothing but Levi's for decades, but I haven't bought a pair in years.
brooklynite
(93,889 posts)Film at 11
vercetti2021
(10,150 posts)I've had pairs last 4 to 5 years!
leighbythesea2
(1,200 posts)Degree. Denim has been in steady decline since athleisure category took off. Now with everone home its even more casual like sweatpants. In a year they may see some life but everyone needs to leave home.
Apparel is down 54% from last year. Worst in retail.
Its a bloodbath of layoffs unfortunately in the industry. Levis will survive. A lot of designer labels and brands won't.