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Stock impact report

Levi's coming back to life in China as stores reopen, online sales rise [Reuters]

Levi Strauss & Co Class A (LEVI) 
Last levi strauss & co class a earnings: 4/7 04:15 pm Check Earnings Report
Company Research Source: Reuters
Levi's coming back to life in China as stores reopen, online sales rise April 7 (Reuters) - Levi Strauss & Co said on Tuesday a majority of its stores in China, where the coronavirus outbreak first emerged in December, were open with sales recovering on a weekly basis and digital sales rising last month. The company also reported better-than-expected earnings and revenue for the first quarter ended Feb. 23, even as sales in Asia declined due to store closures, sending Levi’s shares up about 3%. Like many U.S. retailers, Levi’s has been hit by the coronavirus crisis as lockdowns in China and the United States to curb the spread of the infection forced store closures. Levi’s has stood through the world wars and the 1918 flu pandemic in its 167-year history. Nearly all stores in mainland China, including the store in Wuhan, the epicenter of the outbreak, were now open, Levi Strauss said. Traffic and sales in the region remained down, but weekly sales performance was sequentially improvin Show less Read more
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