Levi Strauss & Co., a fashion icon since its inception in 1859, is undergoing a transformation to strengthen its brand in the face of a rapidly changing market. The company is focusing on two key items of clothing—baggy pants and denim skirts—which have seen a surge in demand, especially among women. Sales of jumpsuits, flared pants, and low-rise pants have exceeded expectations, with iconic styles like the 501 pants experiencing a significant increase in sales.
In recent months, Levi’s has made strategic decisions to optimize its international operations. The company has closed its footwear business in Europe, cut ties with certain brands, and closed a factory in Poland to reduce costs and improve profitability. Despite challenges in the retail sector, Levi’s is confident in its ability to rebound in the second half of the year. The company is investing in global expansion and partnerships to drive growth and capitalize on emerging market opportunities.
Levi’s has also initiated Project Fuel, a restructuring project aimed at increasing the speed, agility, and efficiency of the business. This project involved layoffs and cost-cutting measures to streamline operations and improve financial performance. While the company reported losses in the first quarter