Retail

Coronavirus dividing winners, losers in retail

0


Levi Strauss CEO Chip Bergh said the coronavirus pandemic “will further separate the winners and losers” in the retail industry today.

“The brands that are going to win are going to be the ones that have deep connections,” with consumers, Bergh told CNBC in an interview on Tuesday afternoon. “We are going to double down on the things that are working.”

Levi Strauss, which has been around for 167 years, is going to use COVID-19 “as an opportunity to come out stronger on the other side,” Bergh added. “We’ve been through it all … the Spanish flu. No other apparel company can say that.”

The company on Tuesday reported its first-quarter 2020 results, for the period ended Feb. 23. Levi…



Source cnbc.com

NBA players could refund millions to owners, sources say

Previous article

OPEC and G-20 meeting unlikely to help that much

Next article

You may also like

Leave a Reply

avatar
  Subscribe  
Notify of

More in Retail