Levis Earnings Showcase Pivot to AI
Incorporate to favorites
Distinctive collections only on application, additional details use…
Retail has struggled appreciably for the duration of the lockdown period of time and Levi Strauss & Co has been no exception, its Q2 earnings this 7 days exhibit, with revenues tumbling sixty two percent, forcing the organization to make spectacular moves in direction of a electronic changeover, though laying off 700 people today — fifteen% of its workforce.
They also replicate the urgent want amongst vendors to modernise how they go to current market, manage details and make use of outlets. Levi’s CEO Charles Bergh advised traders that for the organization the press was a threefold a single: Continuing to construct purchaser connections, second, boosting e-commerce and omni-channel capabilities and 3rd, “accelerating the pace of digitizing the organization and leveraging AI and data”.
An earnings call gave a snapshot: “We are implementing a details-driven tactic to deciding acceptable