Levi’s e-commerce business is ‘profitable a year ahead of schedule,’ CEO says – CNBC
Where the pandemic has weighed down on Levi Strauss & Co’s revenue, it has propped up an emerging part of the longtime denim company.
Despite a double-digit drop in revenue in the third quarter, Levi’s managed to not only turn a profit but also make its e-commerce business profitable, CEO Chip Bergh told CNBC’s Jim Cramer Wednesday.
“We’re going to see e-commerce continue to grow,” he said in a “Mad Money” interview. “We’re profitable a year ahead of schedule, despite all of the accelerate…