Levi Strauss's direct-to-consumer business is booming and now accounts for nearly 50% of all revenue. The shift comes as department stores face an uncertain future in the U.S. and Levi's looks to grow its stores and website.
Levi Strauss 's direct-to-consumer business is booming and now accounts for nearly 50% of all revenue. The shift comes as department stores face an uncertain future in the U.S. and Levi's looks to grow its stores and website.to drive its business, is now doing nearly half of its sales through its own website and stores, the company said Wednesday when reporting fiscal first quarter earnings. In the three months ended Feb.
25, direct-to-consumer sales made up a record 48% of overall sales at Levi's, up from 42% in the year-ago period and 25% higher on a two-year basis, the retailer said. The shift is a boon for Levi's profits. But it raises questions about the company's relationships with its wholesale partners and whether it will hurt those retailers as they grapple with their ownLevi's also beat Wall Street's earnings and revenue estimates and raised its full-year guidance. Shares rose as much as 10% in extended tradin
Levi Strauss Direct-To-Consumer Revenue Department Stores Growth Sales Profits Wholesale Partners Retailers
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Mesa Hohokams bring back popular 50/50 raffleThe group not only gives back to community, but also to fans in a special way.
Read more »
Nominations are open for Forbes and Know Your Value's 2024 '50 over 50' listForbes and Know Your Value are officially looking for its next class of women who are proving that success has no age limit.
Read more »
Sen. Ted Cruz says there's a 50-50 chance of Congress passing college sports legislationSen. Ted Cruz said Tuesday there is a 50-50 chance of Congress passing legislation that would provide antitrust protection and regulation to college…
Read more »
Ted Cruz gives NIL action a 50-50 chance this yearCollege sports has struggled to deal with fallout from a 2021 Supreme Court decision allowing college players to profit from their name, image and likeness.
Read more »
TikToker Liberty Schultz is Going on 50 First Dates With 50 StrangersAssociate Lifestyle Reporter
Read more »
My Yard Live Beer Co. presents 50/50 Family Fun NightJoin us for the month of March on Wednesdays and Thursdays, where ALL arcade games and kids' meals are 50% off! Enjoy all the games, including stand-up arcade games, air hockey, ski-ball, 4-way Minecraft, toddler arcade games, basketball, and more! Kick back and enjoy a meal and beverage while your kids are fully entertained with amazing...
Read more »