Source: Dreamstime
Reading time: 2 minutes
Last week’s earnings season was all about apparel as the popular U.S. clothing company crushed Wall Street estimates and showed that people are still willing to shop for clothes the “old-school way” despite the pandemic.
Source: Pixabay | Photographer: MabelAmber
Reading time: two minutes
The latest earnings report by the popular denim maker Levi Strauss & Co revealed that the company’s sales for the fiscal period tumbled by a whopping 62% as even online sales couldn’t compensate for the fact that the chain’s physical stores were closed for 10 weeks straight due to the COVID-19 pandemic.