Levi's sales fall 62% in second quarter, to cut 15% of corporate workforce

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A complete recovery 'will likely take some time,' Levi & Strauss Co. CEO Chip Bergh said.

Today, while about 90% of Levi's stores have reopened worldwide, traffic and sales are still lagging levels from a year ago, Bergh said. A complete recovery "will likely take some time," he said.Revenue: $498 million

The company said losses were partially offset by its e-commerce business, which grew 25% during the second quarter, making up 15% of total net revenue during the period, compared with just 5% a year prior. "Unlike a number of our peers ... we took the brunt of this in one quarter," Bergh told CNBC in a phone interview.

 

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Make a product that holds up and in the styles people want. That’s what they should have done.

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No its Patriotic Americans boycotting companies that support radical marxist domestic terrorist groups. Total market is great but this us a massive switch that's not going away. If you got twitter stock sell cause over night it could become next MY Space with there new censorship

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Left handling COVID as our federal & state government ignore CDC guidelines & force us back out to work I've definitely changed my spending habits. Prior, I ate take out often & bought a pair of shoes, blouse, etc. regularly. Now, I pay my mortgage, essential bills & eat home.

That goes against everything Trump considers important. Conspicuous consumption is Trump's trademark. If true, his empire is in for another major bankruptcy.

does his hairstyle actually resembles LEVIS logo?

I disagree .... it will just be more subtle.

Can we blame this on anti-Semitism, because Levi Strauss was Jewish?

Move production back to America.

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