Levi's Leans on More Outsourced Distribution to Accelerate DTC Push [Yahoo! Finance]
Levi Strauss & Co Class A (LEVI)
Last levi strauss & co class a earnings: 4/7 04:15 pm
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Source: Yahoo! Finance
The global denim brand said it is shifting its primarily owned and operated distribution and logistics network in the U.S. and Europe to “one that will be more balanced between our own and leading third-party logistic providers,” chief financial and growth officer Harmit Singh said during a June 27 earnings call. More from Sourcing Journal RXO's Coyote Deal- All About Scale Levi's Unveils Collection with McLaren Racing FedEx Review Could Lead to Sale of LTL Biz Singh said the new hybrid strategy allows Levi Strauss & Co. to secure logistics investments “in a capital-efficient manner,” by leveraging third-party logistics firms (3PLs), thus freeing up the company's own resources to invest in growing its direct-to-consumer (DTC) channel. “This will also enable us to reduce our fulfillment costs per unit compared to running the facilities ourselves,” Singh said. The CFO noted that the switch would immediately deliver a cash infusion of over $90 million this year, primarily as
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LEVI
News
- Why Levi Strauss Stock Dropped 20% Last Month [Yahoo! Finance]Yahoo! Finance
- Analyst: Levi's Loose Fits Could Impact Athletic Apparel Retailers [Yahoo! Finance]Yahoo! Finance
- Levi Strauss & Co: Rating Downgrade As Upside Is No Long Attractive [Seeking Alpha]Seeking Alpha
- Levi Strauss & Co. (NYSE:LEVI) Q2 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Western clothing craze sends sales of denim dresses and skirts soaring, Levi Strauss says [CNBC]CNBC
LEVI
Earnings
- 6/26/24 - Beat
LEVI
Sec Filings
- 7/3/24 - Form 4
- 7/3/24 - Form 4
- 7/1/24 - Form 144
- LEVI's page on the SEC website