Bloomberg Talks cover image

Bloomberg Talks

Levi Strauss President & CEO Michelle Gass Talks Sales Outlook

Oct 3, 2024
Michelle Gass, President & CEO of Levi Strauss, dives into the company's sales outlook amid recent market declines. She discusses strategic options for the Dockers brand and how reallocating resources could boost Levi's and Beyond Yoga. Gass highlights Levi's positive sales momentum and innovative pricing strategies. The conversation also touches on the growth potential of Beyond Yoga post-acquisition and emphasizes the importance of cultural partnerships to enhance market presence.
11:06

Podcast summary created with Snipd AI

Quick takeaways

  • Levi Strauss is focused on long-term growth, aiming for $10 billion in sales while adapting to macroeconomic challenges.
  • The partnership with Beyoncé signifies Levi's strategy to enhance brand visibility and engagement in women's fashion and cultural relevance.

Deep dives

Levi Strauss's Growth Strategy

Levi Strauss is focused on long-term growth strategies, aiming to reach $10 billion in sales over time. Despite a recent narrowing of the revenue forecast, the company reported a 3% increase in adjusted revenue and a 5% increase in the Levi's brand. The direct-to-consumer model has shown significant strength, with e-commerce seeing nearly a 20% rise, particularly driven by women's fashion. The company believes that expanding its footprint in the women's segment, currently at a third of its business, presents a valuable opportunity for further growth.

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode