Levi’s Posts Extremely Weak Q2 Sales, Will Cut 15% of Its Global Workforce

Closeup of torn jeans

Source: Pixabay | Photographer: MabelAmber

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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.

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