Levi's news and archive

Levi Strauss beats Q4 estimates despite drop in revenue, profit

Levi Strauss was upbeat on its 2023 outlook Thursday as its fourth quarter results beat analysts’ estimates. The US denim giant reported 6 percent drop in revenue in the quarter ended November 27 as growth in its direct-to-consumer (DTC) channel was offset by a drop in wholesale. Fourth-quarter revenue at the US denim giant was flat on a...

Jan 26, 2023

BusinessFeatured

Burberry and Levi’s top Remake’s Fashion Accountability report for 2022

Now in its fifth year of publication, Remake’s Fashion Accountability report is continuing its efforts to expose brands’ transparency issues and unethical supply chains within the industry. For its 2022 report, the organisation said it was responding directly to the rise in overproduction and garment worker exploitation that have been...

Nov 11, 2022

ManagementFeatured

Levi Strauss lowers full-year guidance

Levi Strauss has lowered its full-year profit and revenue outlook against a backdrop of a stronger dollar and ongoing supply chain disruptions. Net revenue for the third quarter ended August 28 came in at 1.5 billion dollars, a 1 percent increase from a year earlier, or a 7 percent increase on a constant-currency basis. The increase was driven...

Oct 7, 2022

Business

Levi’s sets out to become net-zero by 2050 in new sustainability report

Denim brand Levi’s has revealed a slew of new sustainability goals for the coming years in its newly published 2021 Sustainability Report. Among details of the brand’s recent sustainability-centred achievements over the last year, Levi’s has also set 16 “people- and planet-first goals” that it said would illustrate its commitment to bettering...

Sep 29, 2022

Business

Levi’s targeted by watchdog Remake over alleged human rights violations

Denim brand Levi’s has increasingly become the subject of a campaign by global advocacy organisation Remake highlighting the retailer’s apparent lack of support for the Accord on Health and Safety. The watchdog, which centres its efforts around fighting for fair pay and climate justice in the clothing industry, has taken to social media to...

Sep 12, 2022

Fashion

Levi’s to relaunch SilverTab collection through Kohl’s

American brand Levi’s has revealed it will be relaunching its ‘90s SilverTab collection for a limited time, exclusively through omnichannel retailer Kohl’s. Available via Kohl’s and Levi’s online stores, the collection’s reintroduction includes baggy and relaxed denim styles for women, men and kids, with each silhouette refreshed for the new...

Aug 1, 2022

Business

Levi's on track to sell as many jeans online as in its stores

Levi’s is selling almost as many jeans online as it is in its stores. The company is well on its way to a 50-50 sales split, according to PYMNTS, a global news and analysis platform covering payments, retail, fintech, financial services and the digital economy. The denim giant, which operates over 3,200 stores in 110 countries, has embraced a...

Jul 11, 2022

ManagementFeatured

Levi Strauss posts revenue growth, reaffirms outlook

Levi Strauss & Co. second quarter net revenues were 1.5 billion dollars, an increase of 15 percent on a reported basis, and 20 percent on a constant-currency basis excluding 47 million dollars in unfavourable currency impacts. Net income decreased to 50 million dollars due to the decrease in operating income, while adjusted net income rose to...

Jul 8, 2022

Fashion Featured

America's fashion businesses pledge to support employees after historic abortion ruling by Supreme Court

In a historic decision and divided nation, the US Supreme Court on Friday reversed a law that upheld the constitutional right to have an abortion. Abortion laws are now in the hands of the state, with many conservative regions expected to ban the right for women to choose, making it illegal to receive reproductive services. The new law upturns...

Jun 27, 2022

Report

Levi Strauss & Co appoints new MD of South Asia-Middle East and Africa

Levi Strauss & Co has tapped Amisha Jain to lead its South Asia-Middle East and Africa (SAMEA) markets. As senior vice president and managing director of SAMEA, Jain is tasked with leading the US denim giant’s operations in those markets, and “ensuring that the geography continues to drive expansion and growth”. Jain has over 20 years of...

Jun 15, 2022

Business

Levi’s calls protecting reproductive rights a “business imperative”

In the wake of a leaked draft majority opinion from the US Supreme Court made public by Politico on Monday that appears set to overturn the landmark 1973 Roe v. Wade decision, which has guaranteed federal protections of abortion rights, Levi Strauss & Co. became one of the first companies to take a public stance on the matter. If the decision by...

May 5, 2022

ManagementFeatured

Levi Strauss Q1 revenue ahead of estimates

Levi Strauss has reported robust revenue growth in the first quarter of the year as demand for its denim products remained strong globally. In the quarter ended February 27, the US fashion giant made net revenue of 1.6 billion dollars, up 22 percent compared to a year earlier - or up 26 percent on a constant-currency basis. That was higher than...

Apr 7, 2022