Bottoms up: Levi, Lululemon ecommerce sales each increase
Abbas Haleem
Levi ecommerce increased 14% and Lululemon ecommerce increased 46% in their respective recently ended fiscal quarters. Levi Strauss & Co. reported $1.69 billion in net revenue for its fiscal first quarter ended Feb. 26, 2023. That’s up 6% from $1.59 billion in the previous fiscal Q1. However, the denim brand reported gross margin was 55.8%. […]