Retail

Levi Strauss CEO expects strong holiday sales fueled by pent-up demand

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Levi Strauss & Co. CEO Chip Bergh told CNBC’s Jim Cramer he’s anticipating robust holiday sales this year as Americans spend some of the money they built up during the coronavirus pandemic.

“The home balance sheet has probably not been stronger than this in a real long time,” Bergh said in an interview that aired Friday on “Mad Money.” “We’re expecting a really strong holiday season, and it’s all being fueled by a super-strong consumer right now.”

Bergh’s comments come during a busy week of retail earnings reports, highlighted by Walmart, Macy’s, and Kohl’s. Investors are looking for insights into whether consumer demand is resilient to price increases that some retailers are implementing…



Source cnbc.com

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