Levi Strauss (NYSE: LEVI) saw its revenue decline substantially in fiscal 2020's third quarter (which ended Aug. 23) due to reduced traffic and store closures during the coronavirus pandemic. However, Levi's e-commerce revenue growth accelerated meaningfully, and management is investing in certain areas to build out a more robust direct-to-consumer business, which could have a big impact on growth once the pandemic has passed.
Here are three reasons why Levi's online business is kicking into a higher gear.
Image source: Getty Images.
For further details see:
3 Reasons Levi's Online Business Is About to Take Off