Levi Strauss & Co on Thursday raised its half-year revenue growth forecast, banking on Covid-19 vaccine rollouts to spur a return to normalcy, after the denim maker beat quarterly sales estimates on an e-commerce boost.
In the role, Morrison "will be responsible for ensuring that the company has the right practices in place to attract and retain a workforce that is as diverse as the communities where we live and work," Levi's said.
Levi Strauss & Co. announced on Tuesday a series of leadership changes, which is expected to allow the brand to increase its focus on direct-to-consumer (DTC) and prioritize the digitization of its business.
Levi Strauss & Co announced plans to expand its retail footprint and forecast a smaller-than-expected decline in current-quarter revenue after surging online sales helped the denim maker post a surprise profit.
Levi Strauss & Co on Tuesday cautioned its business would be hit in the second half of the year, even as the brand’s sales have been improving at its reopened stores, following government-mandated Covid-19 lockdowns.
Levi Strauss & Co said on Tuesday a majority of its stores in China, where the coronavirus outbreak first emerged in December, were open with sales recovering on a weekly basis and digital sales rising last month.
The American fashion group has announced that it is donating its stocks of medical-grade masks to health workers around the world, and revealed that it is investing an initial parcel of $3 million in relief efforts.
Apparel rental services could now be taking spend away from traditional sales in an already challenged sector, and it remains to be seen if rental clothes will cannibalize retail sales over the longer term.