Advertisement

Levi Strauss Is Rolling Out Same-Day Delivery as Digital Sales Soar

Levi Strauss Is Rolling Out Same-Day Delivery as Digital Sales Soar

Levi Strauss (NYSE: LEVI) entered fiscal 2020 on good footing, with constant-currency sales up 6% in fiscal 2019. While COVID-19 and the resulting store closures are setbacks for the classic jeans brand (which has been trying to overcome weakness in the U.S. wholesale channel), Levi's is on track to emerge from the crisis in a much stronger position thanks to stellar performance in e-commerce during the fiscal second quarter. In earnings reported last week, Levi's said revenue declined 62% on a reported basis, and adjusted earnings per share plunged to a loss of $0.48.