Levi Strauss And Co

Levi is in the midst of a turnaround strategy to operate mainly by offering tighter assortment that focuses on core denim clothing

The company has turned to own stores and its website to drive sales as some of its wholesale partners such as department store chains Macy's and Kohl's struggle to attract customers

Levi's has about 20,000 workers globally, with roughly 5,000 corporate employees. The layoffs are expected to take place in the first half of 2024

(Reuters) -Levi Strauss & Co on Thursday forecast a strong full-year profit after handily beating quarterly earnings estimates as demand for its jeans, tops, and jackets rebound quicker than expected across its markets.

But with denim makers adapting to the times, it might be premature to write the garment off

The company reported a 25% increase in its online business in the second quarter ended May 24, with a month-over-month rise of nearly 80% in May

The denim firm is working to cut greenhouse gases across its supply chain, a target that aligns with the Paris agreement